Aviation Nigeria
The Nigerian Aviation Handing Company (NAHCO Aviance Plc) has announced
an increase in its Profit After Tax (PAT) of 55 per cent in the first quarter
of 2013 compared to the same period in 2012.
According to a statement signed by the company’s Managing Director Mr.
Kayode Oluwasegun Ojo, the Profit After Tax grew from N101million in March 2012
to N157million in March 2013.
The statement said the turnover grew from N1.5billion to N1.795billion,
which is a 15 per cent increase in the unaudited result in the first quarter.
The MD said the statement is sequel to the company’s performance result
released to the Nigerian Stock Exchange (NSE), while attributing the
performance to the general improvement in efficiency and cost containment of
NAHCO.
“The change in the bottom-line reflects gains from our transformation
programme, cost containment initiatives and long term strategy for investment
in human resource development, equipment renewal, cargo modernisation and
process improvement,” the statement said.
Recently, NAHCO ‘s board approved the payment of 25 kobo dividend which
represent a yield of 4.75 per cent in line with its plan to doubling its
earnings in two years.
Alhaji Suleiman Yahyah is the Chairman of NAHCO Aviance Plc.
Source: Daily Trust
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