Med-View posted N1.19bn Q3 profit

Daily Trust - - BUSINESS - From Ab­dul­la­teef Aliyu, La­gos

Med-View Air­line PLC has posted a profit af­ter tax of N1.197 bil­lion for the third quar­ter which ended Septem­ber 30, 2017.

Ac­cord­ing to the third quar­ter per­for­mance re­port submitted to the Nige­rian Stock Ex­change (NSE), the air­line posted profit af­ter tax of N1.197 bil­lion dur­ing the nine months as against 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.

Mean­while, the air­line is set to com­mence flight op­er­a­tions to Dubai, United Arab Emi­rates (UAE) on De­cem­ber 7.

As part of the planned ex­pan­sion, the air­line has held con­sul­ta­tions with travel agents in La­gos, Abuja and Kano to in­form them about the plan and a Med-View hol­i­days pack­age be­ing in­tro­duced.

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