SAHCO Revenue Hit N6.2b Revenue With N23.1b Assets in 2018

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Yemisi Izuora 

The Skyway Aviation Handling Company Plc (SAHCO) generated N6.2billion revenue, 23.2 per cent higher than 4.9billion recorded in 2017, according to its financial book for the year ended December 2018.

In its 2018 financial statement sent to the Nigeria Stock Exchange (NSE) on Wednesday, the company explained that total assets in 2018 stood at N23.1billion compared to N14.5billion attained in 2017.

Within the period under review, the board did not recommend dividend payment while loss before tax was put at N302.1million.

Meanwhile, the company explained that it did not make any political donation during the year.

Details of the financial statement indicates that “Charitable gifts of ₦15,800,000 were

given out in accordance with the Company’s policy on social development and improvement of the community, the environment and hygenic conditions of the less privileged”.

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