NAHCO Records N7.38 Billion Gross Revenue In Nine Months

Must Read

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is...

List of latest Ponzi schemes in Nigeria

These are the latest and past Ponzi scams and shady investment products that Nigerians are putting their monies into. What...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

The Nigerian Aviation Handling Company Plc (NAHCO Aviance) says it has recorded gross revenue of N7.38 billion for the nine months ended September. 30, 2019.

NAHCO Aviance disclosed in a statement by Mr Tayo Ajakaye, Manager, Communications and Corporate Services in Lagos that the figure represented a 32.96 percent increase on the amount recorded in the same period of 2018.

He said profit after tax stood at N782 million for the period reviewed compared with the N601.31 billion recorded for the same period 2018, representing a 30% increase.

Ajakaye added that the performance released to the Nigerian Stock Exchange (NSE) showed that the organization was already reaping from the gains of its transformation programme which commenced at the inception of the present management.

- Advertisement -

Also, earnings per share stood at 48 kobo as at the end of the third quarter of 2019, compared to 37 kobo recorded the third quarter of 2018.

Commenting on the results, the Group Management Director, Mrs Olatokunbo Fagbemi, said she was delighted that the company was making progress on all fronts.

“NAHCO is in a good place. Apart from being the industry leader in ground handling in West Africa, we are also providing leadership in supporting our partners, the Cargo agents, in the important skills of packaging for export.

“In the period that the new management took over, the company had increased the capacity of its export warehouse and is currently renovating its import warehouse.

- Advertisement -

“NAHCO is also taking advantage of opportunities emanating from Federal Government’s closure of the land borders as it is partnering stakeholders on proper packaging for their products for exports.

“NAHCO recorded an impressive revenue in excess of 9.8 billion for the 2018 financial year,” she said.

- Advertisement -
NAHCO Records N7.38 Billion Gross Revenue In Nine MonthsNAHCO Records N7.38 Billion Gross Revenue In Nine Months

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NAHCO Records N7.38 Billion Gross Revenue In Nine MonthsNAHCO Records N7.38 Billion Gross Revenue In Nine Months

Latest News

How Business Can Fight COVID-19 in the Poorest Communities

The COVID-19 crisis has triggered an unprecedented homegrown response in Africa. There has been an outpouring of corporate philanthropy...

Lagos Business School emerges as the only African business school on 2020 Economist ranking

Lagos Business School (LBS) has become the only business school in Africa to be featured on The Economist 2020 Executive MBA Ranking. The Economist’s Executive...

Nigeria H2’20 Outlook – The viral shock

The year 2020 has been a struggle. A global pandemic is in full swing and is poised to upend lives and livelihoods, obliterating any...

BUA Group to set up 3 million Metric-ton Cement Company, 50MW Power Plant in Adamawa

The Bua Group announced that it is set to establish a three million metric tonnes cement plant and 50 megawatts power plant in Guyuk...

Economic Slowdown – Quick Response But No Quick Fix (LBS Executive Breakfast Session – July 2020)

Nigerian manufacturers are mostly anxious about two things today: How long will the pandemic lockdown continue before demand for my products recover? (X) - Unknown When will...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -NAHCO Records N7.38 Billion Gross Revenue In Nine MonthsNAHCO Records N7.38 Billion Gross Revenue In Nine Months