AAI pays Rs 560 crore interim dividend to Govt    
 

Dr.Guruprasad Mohapatra, Chairman, AAI presented an interim dividend amounting to Rs 560 crore to the Union Minister of Civil Aviation, Mr P. Ashok Gajapathi Raju and Union Minister of State for Civil Aviation, Mr Jayant Sinha

AAI has paid Rs 1106 crore as dividend in the last three years [ 2013-14 – 2015-16] and has also contributed to the Central Exchequer Rs 6253 crore in different forms in the same period besides paying dividend

AAI has earned revenue of Rs 10,824 crore [previous year – Rs 9285 crore], Profit Before Tax (PBT)of Rs 3697 crores [previous year Rs 2791 crore] and the Profit After Tax (PAT)of Rs 2537 crore [previous year Rs1959 crore] for the year 2015-16.

AAI spent an amount Rs 4315 crore in the last three years [2013-14 to 2015-16] on modernization of airport terminals, passenger facilities and air traffic and navigational aids at its airports and has planned to spend this year Rs1974 crore.

"There are 60,000 economists in the U.S., many of them employed full-time trying to forecast recessions and interest rates, and if they could do it successfully twice in a row, they'd all be millionaires by now...as far as I know, most of them are still gainfully employed, which ought to tell us something." - PETER LYNCH, AUTHOR OF "ONE UP ON WALL STREET"

Investing is not rocket science. You don't earn more if you have the higher IQ, nor do you need to be a math genius to make money. You can spend many hours a week or just a few hours a year investing and still earn satisfactory returns." JOE PONZIO, AUTHOR OF "F WALL STREET"

"You stick to value, to Benjamin Graham, the man who wrote the bible for the market. It's a mistake to believe you can do more, I warn you. John Maynard Keynes was one of the most famous economists in history. He was a genius, but he failed as a macro investor. It was hard to believe at the time. But when he became a bottom-up value guy, well, he became very successful. With value investing, you don't have to bend the truth to accommodate periods with derivatives and manias. Value investing will almost always be right." - IRVING KAHN

"The beauty of the high-quality, worldwide, non-cyclical approach is that it gives a good reward while being low-risk, simple, non-commission intensive, and exposed to few surprises. I have often recommended it to people who want to build a simple, sound portfolio and do not have the capital to go to investment counsel. It adapts well to a do-it-yourself approach, because there is no need for constant, high-quality security analysis to support it - which a management firm can provide, but often at a hefty price." - STEPHAN JARISLOWSKY

OPINIONATIVELY : "Income, that is the thing. I wish an income that will keep flowing into my purse whether I sit on the wall or travel to far lands." ― George S. Clason, The Richest Man in Babylon: The Success Secrets of the Ancients