SKYAVN Releases Q1 2019 and Q4 2018 Results; Declares N313.13mln PAT in Q1 2019 Result,(SP:N4.65k)

Proshare

Friday, July 12, 2019  /  12:16 PM / NSE


Skyway Aviation Holding Company Plc released its audited results for the year ended December 31, 2019.

 

Key Highlights

 

Q1 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.

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Audited 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.

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Visit Skyway Aviation Holding Company Plc IR Page in Proshare MARKETS

 

Graph – Year To Date Share Price Movement

 

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