Skyway Aviation Handling Co. PLC released to the Nigerian Stock Exchange its audited financial report for the period ended 31 December 2019 on 29th May, 2020.
The company posted a gross earnings of N7.665 billion, advanced by 24.93% when compared with N6.136 billion reported in 2018.
Profit before tax rose by 291% to settle at about N546 million from a pre-tax deficit of about N285 million reported in 2018.
The transport related service provider grew its Profit after tax to N447 million, rose by 164% from previously reported deficit of N697 million reported in 2018 year end.
Earnings per share of the company for the year end 2019 stands at N0.33, up by 164.07% when compared with the previous earnings deficit of N0.51 in 2018.
With the share price of N1.81, the P.E ratio of SAHCO stands at 5.49x with earnings yield of 18.23%.
Dividend of N16.50 per 50kobo ordinary share, subject to withholding tax and approval to be paid to members at the close of business on the 16th of June, 2020.