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Skye Shelter’s H1 profit up 6 percent

Skye Shelter Fund (SSF) half year profit rose by 6 percent as the Nigerian real estate operator continues to unrelentingly seek newer opportunities in a country hit by housing deficits. For the first six months of the year, the company’s revenue rose by 7 percent to N90.24 billion from N84.23 billion in the same period of the corresponding year HY 2013. Profit after tax PAT increased by 6 percent to N66.95 billion compared to N63.10 billion as at HY 2013. This improved performance coincided with a surge in the real estate and mutual fund industry.