Nahco aviance records N7.25bn turnover in 9 months


Declares N731.8m PBT

The Nigerian Aviation Handling Company Plc (nahco aviance ) has announced its nine-month financial results showing N7.25 billion which is 25 per cent increase reported in the corresponding period in 2017.

Some other details released to the Nigerian Stock Exchange (NSE) for the period ended September 30, 2018 are that the company’s profit before tax grew by 107 per cent to N731.8 million from N336 million recorded in September 2017 while profit after tax soared by 109.8 per cent from N287.4 million during the corresponding period to N601.3 million.

Commenting on the performance, the managing director and chief executive officer, Mr. Idris Yakubu expressed optimism that the company “is looking forward to a solid end of year as all indices point to a strong showing and the kind of performance that the company has not seen in recent years.”

“We are extremely delighted with the recent results. It shows that the various initiatives that we are implementing to delight our customers are indeed working. A lot of credit for this performance, no doubt, goes to the Board of the company who have supported and trusted our leadership, our staff who are diligent and have become more responsive, our loyal clients who trusted us to handle all their business, and indeed, other stakeholders of the company,” he added.

Spokesman for the ground handling firm, Mr. Taye Ajakaiye attributed the impressive performance to the outcome of initiatives and actions undertaken by the company’s management team led by Yakubu.

He said Yakubu had implemented a series of short- and medium-term process reviews and service improvement initiatives leading to enhanced service delivery and improved customer satisfaction.

Generally regarded as the foremost ground handling company in the West Africa sub-region, nahco aviance is a Nigerian diversified enterprise with interests in aviation cargo, aircraft handling, passenger facilitation, crew transportation and aviation training.

Currently, the company serves more than 35 airlines at eleven airports across Nigeria, with plans to expand operations to other African countries.

It also handles about 70 per cent of domestic and foreign airlines operating in Nigeria.


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