Home Business NAHCO grows profit to N3.8bn
NAHCO grows profit to N3.8bn
Nigerian Aviation Handling Company Plc has reported a significant increase in pre-tax profit for 2022, due to strong sales income and increased business efficiency.
The company's board has recommended a 251% increase in dividend payouts from N665.93m to N2.34bn for the 2022 business year. Shareholders as of May 12, 2023, will receive a dividend per share of N1.20 payable on May 26, 2023.
Group turnover rose by 63.3% from N10.23bn to N16.71bn, while total assets increased by 13.9% from N16.44bn to N18.73bn. The company's balance sheet also grew stronger, with total equity rising by 28.6%.
The Group Managing Director, NAHCO Plc, Mr Indranil Gupta, said the 2022 results showed the gains of recent investments and continuous improvements in the operations of the aviation handling group.
source; punchng
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