Med-view Airline reports 228% PAT decline in Q3 ‘18

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Med-view Airline PLC, released 2018 quarter 3 financial results on 8th Nov., 2018 which showed a heavy drop of 228.06% in the Profit After Tax (PAT) of the Company from about N1.19 billion recorded in Q3’17 to N1.53 billion deficit in the current period under review.

The company’s financial results also disclosed a 72.73% decline in the topline figures from N28 billion recorded in the same period the previous year to N7 billion of Q3’18.

The earnings per share also dipped by 228.06% from 0.12kobo recorded in 2017 to 0.16kobo deficit of the current period.

The current period’s PE Ratio as computed stands at -12.28x and the earnings yield at -8.15%.

 

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