NAHCO Records 44% Increase In Profit

For the financial year ending December 2021, the Nigerian Aviation Handling Company (NAHCO) Plc's group turnover increased by  44 per cent to N10.2 billion compared to the N7.1 billion it earned in 2020.

NAHCO also announced a gross dividend of 41 kobo per ordinary share, amounting to N665 million.

Seinde Fadeni, the Chairman of the Group, while speaking at the company’s 41st Annual General Meeting (AGM) in Lagos, assured that the company would continue to be the leading ground handling company in Africa in terms of market share, client base, revenue, and profitability.

“The NAHCO Group earned N924,855 million Profit Before Tax (PBT) in 2021, showing a 156 per cent increase from the previous year, which was N361.1 million.

“Closing the second year of unprecedented disruption, low-interest rates and market volatility, NAHCO Plc earned N10.2 billion in revenue with improved capital base, growth in customers’ deposits, liquidity, and improved gearing ratios.”