Airport Aviation 2022 : Income & Profit details released

June 2, 2023 at 5:37 PM

The Airport and Aviation Services (Sri Lanka) (Private) Limited  (AASL) recorded a total revenue of Rs. 27,647 million and a net profit after tax of Rs. 4,803 million, according to the company’s annual report for the year 2022.

According to a statement by the AASL, the company also contributed Rs. 1,983 million to the government of Sri Lanka in the financial year 2022. 

AASL, which is a fully government-owned company with statutory powers to manage and develop civil international airports in Sri Lanka, released its annual report for the year 2022 on May 30, 2023.

It is the appointed agent of the Government of Sri Lanka to discharge its duties in the capacity of a member of the International Civil Aviation Organization (ICAO).

AASL was able to publish the Annual Report 2022 in all three languages on May 31, 2023, as per the guidelines of the Good Corporate Governance Act. 

The AASL further stated that as a result of the dedication of the management team at AASL, the company was able to publish the report prior to the deadlines.

AASL manages and operates Bandaranaike International Airport (BIA), Mattala Rajapaksa International Airport (MRIA), Colombo International Airport Ratmalana (CIAR), Batticaloa Airport (BTA), and Jaffna International Airport (JIA).

Following is a summary of the AASL’s Annual Report 2022:

  1. AASL Year at a Glance – 2022:
    • International Passenger Movements: 5,503,198.
    • International Aircraft Movements: 37,641.
    • Cargo: 173,597 MT.
    • Overflying Movements: 23,846.
    • Number of Employees: 3,854.
  2. Financial Review – 2022:
    • Revenue: LKR 27,647 Mn (2021: LKR 7,879 Mn).
    • Finance Income: LKR 6,137 Mn (2021: LKR 3,321 Mn).
    • Operational Profit: LKR 12,705 Mn (2021: LKR -3,776 Mn).
    • Profit after Tax: LKR 4,803 Mn (2021: LKR -2,084 Mn).
    • Assets: LKR 179,530 Mn (2021: LKR 126,844 Mn).
  3. AASL Contribution to the Government in 2022:
    • LKR 1,983 Million.
  4. AASL Investment in 2022:
    • LKR 88,308 Million.
  5. Number of International Tourists served by the company: 719,978.
    • Top 5 Tourist Source Markets:
      • India: 123,004.
      • Russia: 91,272.
      • United Kingdom: 85,187.
      • Germany: 55,542.
      • France: 35,482. (NewsWire)