Male govt rejects Singapore court order on GMR
fe Bureau: New Delhi/Bangalore, Dec 04 2012, 02:17 IST
reported by FE earlier, the GMR group stands to lose around 20% of revenues coming from its airport operation business.
During the July-September quarter, GMR's total revenues from the airport segment stood at Rs 1,469 crore, of which around Rs 300 crore came from the Male airport operations. This was 35% growth over the revenues booked during the same period last fiscal. The period also saw strong operational performance with a 10% year-on-year growth in traffic to 0.7 million passengers. Ebitda grew year-on-year to Rs 71 crore and net profit at Rs 57 crore was up 193%.
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