top of page

Nigeria: NAHCo Records N7.38b Q3 Turnover

Writer: Client Site AdministratorClient Site Administrator

THE Nigerian Aviation Handling Company Plc (NAHCo aviance) has posted gross revenue of N7.38 billion for the nine – month period ended September 30, 2019.


The company subsequently posted a profit before tax of N973.1 million for the period, N241.3 million or 32.96 per cent higher than the amount for the same period last year. Profit after tax rose by 30 per cent to N782 million in third quarter 2019 compared with the N601.31 million in third quarter 2018. Earnings per share stood at 48 kobo as at the end of the third quarter of 2019 compared to 37 kobo as earnings per share as at the end of the third quarter of 2018.

The board appointed a new management for the company which early this year embarked on a five – year transformation plan. The company is continuing the massive upgrade of its equipment, warehouses and other facilities at the airports.


Commenting on the results, Group Managing Director, Nigerian Aviation Handling Company Plc (NAHCo aviance) 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,” Fagbemi said.


She noted that 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.

She said 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.


By: Victor Odiase

Source: thenationonlineng.net

Commentaires


Learn more about dre aviation 

Whilst we remain Africa's Leading Airline Consultancy, demand for our services has increased globally. Join us on on our journey.

Other Recent Updates

Thanks for visiting dre aviation

Due to the volume of content on our site we have created some quick links which you can use to short cut to find your information requirements alot quicker:

  • LinkedIn
  • Facebook Social Icon
  • Twitter Social Icon
  • YouTube Social  Icon
  • Pinterest Social Icon

Smarter Procurement
Airline Representation
Ground Supervision

Passenger GSSA
Cargo GSSA
Ground Handling

AOC Process and Support
Airline Business Plans
Airline Economics
Route Analysis
Airline Restructuring
Airline Strategy

Advisory
C Level Consultants
Safety
Compliance
Internal Audit
Revenue Audit
Commercial

IOSA and ISAGO

 

Subscribe to Our Newsletter

© dre aviation 2008 - 2025

bottom of page