Skyway Aviation reports N8.7bn as turnover in Q4 2021

Skyway Aviation Handling Company on Wednesday published its Unaudited Financial Statements for the period ended 31 December 2021.

A turnover of N8.707 billion was reported for the 12 months period, up by 24.72% from N6.982 billion reported the previous year.

Profit after tax grew year on year by 21.12% to N584.252 million form N482.377 million reported the previous year.

The earnings per share of the company increased to 43 kobo form the EPS of 36 kobo reported the previous year. This translates to 21.12% growth year on year.

At the share price of N5.8, the P/E ratio of Skyway Aviation stands at 13.44x with earnings yield of 7.44%.

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