NAHCO records N4.6bn half year turnover - Saga Gist - Top Source for Nigeria News


Saturday, August 11

NAHCO records N4.6bn half year turnover

The Nigerian Aviation Handling Company (NAHCO) Plc has recorded N4.64 billion as its 2018 half year turnover.

The General Manager, Communications and Corporate Services of NAHCO, Mr. Tayo Ajakaye, stated this on Saturday in Lagos.

He said this was against the N3.71 billion recorded in the same period last year, adding that it showed an improved financial performance by the agency.

He said NAHCO’s 2018 half year results showed a 125.07 per cent increase.

Ajakaye said the profit before tax (PBT) stood at N500.97 million compared to N203.08 million recorded last year.

The Managing Director of NAHCO, Mr Idris Yakubu, said the achievement was due to the growing faith in the new management of the company.

He said: “We are pleased with the progress made by your company (NAHCO) in sustaining earnings, profit and operating performance in our business during the year.

“We are pleased with the patronage of our valued clients; the airlines, the agents, as well as the contributions of dedicated staff to this very positive result.

“Management is committed to staff welfare and will continue the negotiation on the staff condition of service and conclude before the current booklet expires in September 2018.”