Skyway Aviation’s nine-month pre-tax profit declines 22.13% to N8.08 billion
Skyway Aviation Handling Company Plc (SAHCO) has released its unaudited financial results for the nine months The post Skyway Aviation’s nine-month pre-tax profit declines 22.13% to N8.08 billion appeared first on Nairametrics .
Skyway Aviation Handling Company Plc (SAHCO) experienced a significant decline in pre-tax profits for the nine months ending September 30, 2026, with profits dropping 22.13% to N8.08 billion. Despite a 8.15% increase in revenue to N34.26 billion, higher direct costs and administrative expenses reduced profit after tax by 36.65% to N5.33 billion.
The company's earnings per share fell to 394 kobo from 622 kobo. Passenger handling and related services saw an 8.15% increase in revenue, while import cargo handling grew by 24.60%, but export cargo handling declined by 6.60%. Direct costs rose by 16.54% to N16.37 billion, and administrative expenses surged by 36.00% to N10.09 billion.
Despite increased revenue, expenses outpaced growth, leading to a decline in gross profit margin from 55.67% to 52.23%. The company's total assets grew to N87.79 billion, and cash and cash equivalents increased to N5.50 billion.
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