Home Business News NahCo reports N416.5m profit after tax for half year

NahCo reports N416.5m profit after tax for half year


Nacho Aviance Nigeria Plc has reported N416.5 million net profit for the half year ended 30th June, 2018, as against the N176.3 million recorded in the corresponding period of last year.

The company’s gross earnings in the period under review rose to N4.6 billion, representing an increase of 25 percent over the N3.7 billion earned in the first half year 2017.

The company’s earnings per share increased from 11 kobo to 26 kobo in the review period, representing also about 137 percent year-on-year growth with just about 1.6 billion share outstanding.

The aviation sector firm offers passenger and baggage handling, cargo handling services to air travellers through customs-bonded warehouses and mail handling through postal authorities, and ramp and other ground handling services through the provision of ground support equipment.