Sunday, October 19, 2025
29.8 C
Lagos

NahcoAviance Reports N8.5bn Turnover in 2O15

The Nigerian Aviation Handling Company Plc [NahcoAviance] has reported turnover of N8.5 billion in the financial year ended December 31, 2O15. This compares with N8.1 billion realised in the same period of 2O14. The Profit Before Tax rose from N769.5 million in 2O14 to N796.8 million in 2O15.
Mr. Suleiman Yahyah, Chairman, NahcoAviance said at the company’s 35th Annual General Meeting AGM in Abuja that NahcoAviance remains profitable, maintained stability in its performance ratios with a sustained reasonable buffer and cash reserves to meet short-term challenges.
“In 2O15, Nahco maintained relative stability in its performance and operations. We handled a total of 39, 699 flights compared o 35, 557 flights handled in 2O14. This is an improvement of 11 per cent.”
Yahyah added: “The board therefore remains confident that with the consistent execution of our planned actions in 2O16 and strengthening our footprints in West Africa, Nahco will return to its double-digit growth path inspite of the short-term challenges of the Nigerian economy.”
The company proposed a dividend of N324.8 million which was duly approved by shareholders.

spot_img
spot_img
spot_img

Hot this week

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Stanbic IBTC Bank, LOXEA BYD forge alliance for Electric Vehicle Financing

In a strategic move to advance Nigeria’s shift toward...

CBN, Bank of Angola Sign MoU on Technical Co-operation at IMF/World Bank Meeting

In an effort to enhance bilateral cooperation and technical...

NBS: Nigeria’s Inflation Falls to 18.02% in September, Lowest Level in Three Years

Nigeria’s headline inflation rate fell for the sixth consecutive...

NUPEMCO Marks 2025 CSW with Nationwide Pension Awareness Activities, Huawei-Supported National Essay competition

The Nigerian University Pension Management Company (NUPEMCO) celebrated the...

Topics

NAICOM, Katsina State Partner on Takaful Insurance

The National Insurance Commission (NAICOM) has kick-started a sensitisation...

Nigeria Calls for Open, Secure Internet in Africa

The Nigerian government has subscribed to a free and...

Ernest Ndukwe to Chair Business Journal 10th Anniversary Lecture

Dr. Ernest Ndukwe, Chairman, OpenMedia Group will chair the...

‘I Will Support President Tinubu’s Agenda Using STI’ – New NASENI Boss

R-L: Mr. Khalil Suleiman Halilu, Executive Vice Chairman/CEO, National...

Moghalu, Ex-CBN Chief to Deliver 2018 Bullion Lecture

Professor Kingsley Chiedu Moghalu, former Deputy Governor, Central Bank...

47th AIO Conference in Lagos Set for Sept 4, 2021

Mr. O. S. Thomas Commissioner for Insurance/CEO National Insurance Commission The Executive...
spot_img

Related Articles

Popular Categories

spot_imgspot_img