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  • Business - Companies
  • Updated: July 05, 2022

NAHCO Plc Records 155% Increase In Profit 

A Profit Before Tax (PAT) of N771 million has been recorded by the Nigerian Aviation Handling Company Plc, (NAHCO Aviance) in the full year ended December 31, 2021, which indicates about a 155 per cent increase from N302 million recorded in the corresponding period of 2020.

The company also recorded about N10 billion growth in revenue which is 44% compared to N7.13 billion recorded in the preceding year.

The company provides aviation cargo, aircraft handling, passenger facilitation, crew transportation, refuelling and aviation training services from its base at Murtala Muhammed International Airport.

The company has also gained a 25.94 per cent share from year-to-date, starting the year at N3.74 and currently traded at N4.71.

Currently,  the company’s shares are trading at their 52-week high at N4.71.

However, the shares of the company have returned about 134.33 per cent gains for investors who bought them at their 52-week low trading price of N2.01 per share.

 

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Felicia Abisola  Olamiji
Felicia Abisola Olamiji

  A graduate of English Language from Olabisi Onabanjo University, passionate about learning new...

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