Med-View posts N1.72bn full year pretax profit

by | February 1, 2018 12:00 am

Med-View Airline Plc has submitted its management account for the period ended December 31, 2017. The company posted N1.72billion profit before tax (PBT) as against N840.033million in 2016.

The airline gross revenue rose to N36.960billion as against N25.962billion in 2016. Gross profit increased to N5.94billion from a low of N4.067billion in 2016. In the full year 2017 period, Med-View profit after taxation (PAT) increased to N1.605billion from N772.851million in 2016.

The results show its Earnings Per Share (EPS) rise to 16.46kobo from 2016 low of 7.93kobo.

Med-View airline has a humble beginning. The coming of Med-View airline into the Nigeria scene came with Hajj operations in year 2007 shortly after its incorporation, treatment as a litmus-test, information pills and changed the whole concept of pilgrims airlift in Nigeria. Now listed on the Nigerian Exchange, Med-View airline commenced domestic operation in November 2012.