WorldStage Newsonline– Skyway Aviation Handling Company Plc which is into provision of services including aircraft/ramp handling, cargo handling, passenger handling, premium lounge, aviation security and baggage reconciliation has released its unaudited 31 December 2020 financial statements for the year ended with revenue dropping slightly to N2.025 billion in Q4 2020 from N2.221 billion in Q4 2019.
Revenue for the full year 2020 also dropped to N6.980 billion from N7.666 billion in 2019.
Profit for the Q4 2020 Profit for the period rose by 51.69% to N305.331 million from N201.281 million in Q4 2019.
Profit for the full year also rose 43.13% to N639.099 million from N446.531 million in 2019.
SIFAX Shipping Limited and Global Apex Logistic Limited through Skyway Aviation Handling Company Limited acquired 100% interest of the Federal Government in Skypower Aviation Handling Company Limited due to the privatisation of the company on 3rd of December 2009,. Global Apex Logistics limited later gave up its holding in the shares of the company.
In 2018, SAHCOL undertook a business combination with Skypower wherein both companies were consolidated with SAHCOL as the surviving entity.
Skyway Aviation Handling Company Limited became a Public Limited Company on 5th October, 2018
