Q1’19: Skyway Aviation’s PAT soared by Over 1333%

Skyway Aviation Handling Company plc, in its first quarter report for the period ended March 31, 2019, recorded a significant growth of 1333.72% in bottom line figures for the period under review to close at N313 million compared with the previous deficit close of N25 million in Q1, 2018.

The aviation Company’s financial results hit the market on Friday 12th July, 2019 which showed a growth of 36.95% in Gross Earnings to N1.906 billion in current period under review from N1.392 billion reported same period 2018

The earnings per share (EPS) for the period under review is 23 kobo, up by over 1000% compared with the previous EPS of 2 kobo deficit in the first quarter of 2018.

With reference to the share price of N4.65, the PE ratio of Skyway Aviation in Q1’19 stands at 20.10x with earnings yield of 4.97%.

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