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Medview reports N1.2bn Q3 profit
Med-View Airline Plc has posted a profit after tax of N1.197 billion for the third quarter ended September 30, 2017.
The airline in a filing with the Nigerian Stock Exchange said it posted profit after tax of N1.197 billion during the nine months as against a N1.274 billion
reported in 2016, representing a drop of six per cent.
Its profit before tax stood at N1.362 billion during the period under review as against a profit before tax of N1.450 billion posted in 2016.
Gross revenue rose by 47.98 per cent from N19.442 billion in 2016 to N28.772 billion in 2017.
Gross revenue rose by 47.98 per cent from N19.442 billion in 2016 to N28.772 billion in 2017.
Med-View posted a profit after tax of N691.029 million for the first quarter ended March 31, 2017.
The company posted profit after tax of N691.029 million during the first quarter as against a loss after tax of N200.382 million reported in 2016.
The company posted profit after tax of N691.029 million during the first quarter as against a loss after tax of N200.382 million reported in 2016.
Its profit before tax stood at N745.239 million during the period under review as against a loss before tax of N133.200 million posted in 2016.
Gross revenue rose by 77.26 per cent from N4.293 billion in 2016 to N7.610 billion in 2017.
Gross revenue rose by 77.26 per cent from N4.293 billion in 2016 to N7.610 billion in 2017.
Med-View Airline posted a profit after tax of N772.851 million for the financial year ended December 2016, representing 6.28 per cent increase over N728.520 million reported a year earlier.
According to NSE, the company, which recently got listed on the exchange, also grew its pre- tax profit marginally to N840.033 million during the period under review as against N830.912 million recorded in 2015, accounting for a drop of 1.09 per cent.
Gross revenue rose by 84.15 per cent from N14.098 billion in 2015 to N25.962 billion in 2016.
Shareholders of Med-View Airline at the company’s annual general meetings (AGM) recently endorsed the quest for additional capital to help in its expansion drive.
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