GMR Infrastructure gains on Maldives win
GMR Infrastructure reportedly offered USD78 million upfront for the contract, plus 1% of total profits in the first year (until 2014) and 10% of profits from 2015 to 2035.
Meanwhile, Maldives Airports Company Ltd (MACL) reported an 11.6% year-on-year increase in net profit to USD20.1 million for the 12 months ended 31-Dec-2009. MACL also declared the payment of USD4.9 million in dividends to the Maldives Government, an increase of 36.7% year-on-year, and a payment of 1% of net profit, USD200,886, as bonus to its employees.
Selected airports daily share price movements (% change): 25-Jun-2010