Medview Airline Plc has called an emergency meeting to discuss its financial status. to be held visually by zoom on Thursday, 23 July 2020 at 12:00 noon to deliberate on:
- The effect of the COVID-19 pandemic on the operations of airlines in the aviation sector.
- The financial status of the Company and amongst other matters.
The company released an unaudited 2019 financial statement in January but failed to submit an audited report to the Nigerian Stock Exchange by the March deadline.
Consequently, in view of the above, the closed period for trading in the shares of the Company commences today, 21st July 2020 until 24 hours after the decision reached the meeting is released to the public.
Last year’s published results showed that the company is struggling — revenue dropped to ₦3 billion from ₦10 billion in 2018 and ₦37 billion in 2017. The NSE cautioned investors against trading in Medview’s shares two weeks ago.