{
  "id": 17402816,
  "title": "Skyway Aviation’s nine-month pre-tax profit declines 22.13% to N8.08 billion",
  "url": "https://urgent.news/2026/10/31/skyway-aviations-nine-month-pre-tax-profit-declines-22-13-to-n8-08",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-31T12:29:36.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/31/skyway-aviations-nine-month-pre-tax-profit-declines-22-13-to-n8-08-billion/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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 .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}