Skyway Aviation Handling Company Plc (SAHCO) has assured shareholders of enhanced returns on their investments in the coming year.
The Chairman, SAHCO, Dr Taiwo Afolabi, who gave the assurance in Lagos at the company’s 11th Annual General Meeting (AGM) said that the company would continue with its drive of becoming one of the leading ground handling companies in Africa in terms of market share, client base, revenue and profitability.
He said with a next level mentality firmly entrenched by the board, the management had been mandated to pursue and deliver a better business results in 2021 and the years ahead.
According to him, the keys areas that will receive greater attention from the management in order to achieve the target include new business drive, customer relationship management, brand equity improvement and effective pricing of services.
He added that the company would devote sufficient resources to new equipment acquisition, infrastructural development and human capital development to ensure profitability.
Afolabi stressed that shareholders remain a key interest group as the owners of the business.
He, however, appreciated the shareholders for investing in the company and for the continuous support over the time.
“Let me further reiterate and assure that the company will always make decisions in the overall best interest of all shareholders,” he said.
Speaking on the financial performance of the company, Mr Basil Agboarumi, its Managing Director, said the company recorded a decrease of nine per cent in its revenue from N7.655 billion in 2019 to N6.981 billion in 2020.
According to him, SAHCO, however, made a profit after tax of N482.377 million in 2020 compared with N261.943 million posted in 2019.