Skyway Aviation Holding Company Plc audited reports for the full year ended 31st December 2018 was released to the market on Thursday 11th July, 2019. The reports showed a significant decline in Profit after Tax figures to N665.6 million deficit in 2018 below N217.7 million recorded in the preceding year of 2017. This represents a 405.73% full year decline in profit.
The Turnover for the period under review soared from N4.981 billion in 2017 to the current year’s N6.136 billion, indicating a growth of 23.19%
The earnings per share declined by 405% falling from N0.16 to N0.49 deficit in the current period under review.
The PE Ratio for the current period stands at -9.46x and the earnings yield at
-10.58%.
Skyway Aviation Handling Company limited (SAHCOL) is 100% owned by the Sifax Group, incorporated as an Aviation Ground Handling Service provider under the Nigerian company & allied matters act of 1990