{"id":36119,"date":"2019-11-15T03:36:03","date_gmt":"2019-11-15T02:36:03","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=36119"},"modified":"2019-11-15T03:36:03","modified_gmt":"2019-11-15T02:36:03","slug":"nahco-generates-n7-38b-revenue-n782m-profit-in-q3","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/nahco-generates-n7-38b-revenue-n782m-profit-in-q3\/","title":{"rendered":"NAHCO Generates N7.38b Revenue, N782M Profit In Q3"},"content":{"rendered":"

For the nine months ended September 30, 2019, the Nigerian Aviation Handling Company Plc (nahco aviance) has declared gross revenue of N7.38Billion.<\/p>\n

The Company also posted Profit Before Tax of 973.1 million. The figure is 241.3million higher than the amount for the same period last year.<\/p>\n

According to a statement on Thursday, the company explained that Profit After Tax which stood at N782 million for the nine-month period \u201ccompared favourably with the N601.31 Million recorded for the same period in 2018, \u201cThus translates to a positive 30 percent increase\u201d.<\/p>\n

The statement explained that the performance released by the Company to the Nigerian Stock Exchange (NSE) \u201cshowed that the organization was already reaping from the gains of its transformation programme which commenced at the inception of the present management.<\/p>\n

\u201cEarnings per share stood at 48kobo as at the end of the third quarter of 2019 compared to 37kobo as earnings per share as at the end of the third quarter of 2018.<\/p>\n

\u201cThe Board appointed a new management for the Company which early this year embarked on a five \u2013 year transformation plan. The Company is continuing the massive upgrade of its equipment, warehouses and other facilities at the airports\u201d.<\/p>

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Commenting on the results, the Group Managing Director\/CEO, Mrs. Olatokunbo Fagbemi said she was delighted that the Company was making progress on all fronts.<\/p>\n

\u201cNAHCO is in a good place. Apart from being the industry leader in ground handling in West Africa, we are also providing leadership in supporting our partners, the Cargo agents, in the important skills of packaging for export,\u201d she said.<\/p>\n

In the period that the new Management took over, the Company had increased the capacity of its export warehouse and is currently renovating its import warehouse.<\/p>\n

NAHCO is also taking advantage of opportunities emanating from Federal Government\u2019s closure of the land borders as it is partnering stakeholders on proper packaging for their products for exports.<\/p>\n

NAHCO recorded an impressive revenue in excess of 9.8 Billion for the 2018 financial year.<\/p>\n","protected":false},"excerpt":{"rendered":"

For the nine months ended September 30, 2019, the Nigerian Aviation Handling Company Plc (nahco aviance) has declared gross revenue of N7.38Billion.<\/p>\n","protected":false},"author":6,"featured_media":18933,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,1593,17,624],"tags":[3221],"coauthors":[2391],"class_list":["post-36119","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-metro","category-news","category-politics","tag-nahco-aviance"],"yoast_head":"\nNAHCO Generates N7.38b Revenue, N782M Profit In Q3 - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/nahco-generates-n7-38b-revenue-n782m-profit-in-q3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NAHCO Generates N7.38b Revenue, N782M Profit In Q3 - 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