July 12, 2019 / 12:16 PM / NSE
Skyway Aviation Holding Company Plc released its audited results for the year ended December 31, 2019.
Revenue grew by 37% to N1.91bln from N1.39bln in the previous year.
Profit Before Tax stood at N313.13mln, an impressive 1280.5% increase from N22.68 in the previous year.
Profit After Tax spiked by 1333.7% to N313.13 due to the company not recording tax during the period.
Net Assets however grew marginally by 1.7% to N19.28bln from N18.96bln as at 31st December, 2018.
Revenue increased by 23.2% to N6.14bln from N4.98bln in 2017.
Records LBT of N302.90mln and LAT of N665.65mln.
Net Assets however grew impressively by 244.6% to N18.96bln from N5.50bln as at 31st December, 2017.
Visit Skyway Aviation Holding Company Plc IR Page in Proshare MARKETS
Graph – Year To Date Share Price Movement