In a bid to generate improved results and revenue for the current financial year ending on December 31, 2024, Taiwo Afolabi, the Managing Director of Skyway Aviation Handling Company (SAHCO) Plc, assured shareholders of continuous efforts by the board and management.
This news came to light at the 14th Annual General Meeting held in Lagos on Thursday.
Expressing his gratitude for the unwavering support shown by the shareholders, Afolabi stated the company’s commitment towards achieving better results in 2024.
He also assured them of good returns and mentioned the company’s ongoing efforts to generate substantial dividends.
“Our product sales have thrived for years, and we expect nothing less in 2024,” Afolabi added.
Touting the investment in environmentally friendly equipment in 2023, CEO Basil Agboarumi highlighted the revenue growth and asset expansion achieved as a result.
“At the last Annual General Meeting, our total revenue for the year 2022 was reported at N11.1 billion, which has now increased to N16.5 billion as of the end of the 2023 financial year,” Agboarumi announced, attributing the impressive results to a significant investment in environmentally sustainable practices.
He further noted that the company’s legacy does not restrict its performance, as evidenced by the increase in total assets from N29.2 billion to N34 billion in 2022.
During the meeting, the members unanimously approved the dividend of N4,060.74 million at $30,000 per share for the year 2023.
In addition, Lawrence, a member of the company, praised the growth and value demonstrated by SAHCO and commended their focus on nurturing competent employees.
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