UMORU ABDULKADIR
The Nigerian Aviation Handling Company Plc has grown Profit after tax (PAT) to N782 million in Nine months.
The growth represents 30 per cent over N601.31 million recorded for the same period in 2018.
According to the results, NAHCO recorded a Profit before tax (PBT) of N973.1 million for the Q3 ended September 30, 2019 higher than the N241.3 million, representing a 32.96 percent increase over the same period last year.
Similarly, the Company also posted a gross revenue of N7.38 billion during the period in focus translating into a positive 30 percent growth in revenue.
Its earnings per share stood at 48 kobo as at the end of the third quarter of 2019 compared to 37kobo as earnings per share as at the end of the third quarter of 2018.
The company’s performance showed that the organisation was already reaping from the gains of its transformation programme which commenced at the inception of the present management.
Meanwhile, at the close of trading today, November 19, 2019, NAHCO sold a total of 550, 384 shares worth N1.4 million at a unit price of N2.50 per share.
The Nigerian Aviation Handling Company Plc (NAHCO Aviance) is West Africa’s leading ground handling service provider with presence in all major Nigerian Airports. Founded in December 1979, it has since grown into a multi-billion Naira company with diversified investments in energy, logistics and development of a free trade zone company.
Comments are closed.