SWISSPORT share price have dropped to the lowest in six years and stagnated at 1,700\/- since the airport ground handler firm reported pre-tax profit decline by 37 per cent for last year, which is third year in a row.<\/p>\n
The firm announced its 2018 results late last month and its share price started to plunge three days before the results were out and settled at 1,700\/- , which was lowest amount since January 2013.<\/p>\n
Swissport pre-tax profit nosedived by 37 per cent from 17.04bn\/- in 2017 to 10.76bn\/- in 2018. However, the firm said they were optimistic that the company\u2019s financial performance in 2019 would remain health by maintaining strict costs control measures to lower operating costs.<\/p>\n
Orbit Securities said in one of its weekly synopsis report that in what may be described as a prediction of poor performance, the price of Swissport dropped three days before the company released financial results.<\/p>\n
The firm said the last year profit declining in revenue was for the third year in a row.<\/p>\n
Earnings Per Share (EPS) fell by the same proportion as the net profit to 207\/19 per share from previous year\u2019s 331\/50 while the company issued a dividend of 103\/60 per share realizing a dividend yield of 6.05 per cent which was above DSE market average of 4.06 per cent.<\/p>\n
Swissport, despite stiff competition, is however, \u201coptimistic\u201d to continue to adopt strategies to the prevailing business environment in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"
SWISSPORT share price have dropped to the lowest in six years and stagnated at 1,700\/- since the airport ground handler firm reported pre-tax profit decline by 37 per cent for last year, which is third year in a row. The firm announced its 2018 results late last month and its share price started to plunge […]<\/p>\n","protected":false},"author":84,"featured_media":229,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8],"tags":[170,171,169,168],"class_list":["post-228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","tag-earnings-per-share","tag-eps","tag-orbit-securities","tag-swissport"],"yoast_head":"\n