NAHCO records 25 pct increase in first-half 2018

The Nigerian Aviation Handling Company Plc has said its turnover increased by 25 per cent to N4.64bn in the first half of 2018 from the ₦3.71 billion recorded in the same period in 2017.

The group said in statement that it also recorded a profit before tax of ₦500.97 million, up from the ₦203.08 million reported as H1 2017, while its profit after tax rose to ₦418.57 million from N176.32m.

The Managing Director/Chief Executive Officer, Mr Idris Yakubu, who took over in November 2017, said the growth was as a result of growing faith in the new management that had superintended the affairs of the company during the period.

He added that shareholders should look forward to sustained profit performance at year end.

According to him, the company recently concluded its Annual General Meeting in Abuja where shareholders approved of its plans to acquire new ground support equipment.

“We are pleased with the progress made by your company (NAHCO) in sustaining earnings, profit and operating performance in our business during the year. To enable us to consolidate our leadership position in the industry, we have embarked on initiatives that have helped us better maintain our client base and win many new names,” he was quoted to have said at the AGM.

Meanwhile, the ground handling company has signed new contracts with both local and international airlines.

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