The revenue of Skyway Aviation Handling Company (SAHCO) Plc rose to N8.7 billion in 2021 financial year, an increase of 24.72 per cent over what was declared in the previous financial year.
This was just as the ground handling company has approved a dividend of 16.5k per ordinary share of 50 kobo.
These were contained in the company’s financial report for the year ending December 31,2021 made available at its 12th Annual General Meeting (AGM) held on Wednesday at Marriot Hotels, Ikeja GRA, Lagos on Wednesday.
The ground handling company’s 2021 Annual Report and Accounts stated that the 24.72 per cent was an increase over N6.98bn earned in 2020.
SAHCO’s Gross Profit also increased by27.34 per cent to N3,856,770,000 as over N3,028,693,000 recorded in the previous year.
The Chairman board of director, SAHCO Plc, Dr. Taiwo Afolabi (MON) reported that despite the negative impact the global lockdown occasioned by the outbreak of COVID-19 pandemic which affected air travel adversely in the greater part of the year, the company was not only able to breakeven but declaThese were contained in the Annual Report and Accounts 2021 presented to shareholders at its 12th Annual General Meeting (AGM), held physically and virtually in Lagos on Wednesday.
According to the report, the 24.72 rise was an increase of N6.98bn in 20120, while its Gross Profit also increased by 27.34 per cent to N3,856,770 from N3,028,693 when compared to the previous year.
Afolabi however said the company is well positioned for better performance in 2022 financial year
