The Skyway Aviation Handling Company (SAHCO) has announced a dividend of 16.5k per share which is payable less the appropriate withholding tax at the time of payment.

The company said in a statement that the disclosure was made during its 2020 Annual General Meeting, which held at the Murtala Mohammed International Airport, Lagos on Tuesday.

The meeting was held under strict adherence to government-approved COVID-19 protocols, including social distancing and restrictions on the maximum number of persons at a gathering, the statement said.

The Chairman of the company, Dr Taiwo Afolabi, was delighted to address a large pool of shareholders for the first time, even though it was on a virtual platform.

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In his remarks, Basil Agboarumi, Managing Director/CEO, SAHCO PLC said the Single Africa Air Transport Market initiative contributed to the growth of the Nigeria Aviation industry and Ground Handling sub-sector in 2019.

“Essentially, three African Carriers made their entrances into the Nigeria market; TAAG Angola, Cabo Verde Airlines and Air Senegal. However, Air Namibia suspended their flights to Lagos over unresolved diplomatic issues” He said the company is ready to attract new Airlines as we expect new startup airlines before the year ends which are; NG Eagle and Green Africa.

Agboarumi also went on to say that in the year under review, SAHCO recorded an increase of 24.5 per cent in its revenue from N6,136.412 bn in 2018 to N7,665,990 bn in 2019. He emphasized that this remarkable shift was achieved through the resilience of the entire workforce, aggressive marketing strategies that saw to the addition of our clientele list, concerted efforts of cost containment and effective internal control processes.

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