NAHCO rev­enue hits N8bn in 2013

Daily Trust - - NEWS - By Hamisu Muham­mad

The Nige­rian Avi­a­tion Hand­ing Com­pany Plc (NAHCO Aviance) has an­nounced a pro­posed div­i­dend of 30kobo per share in its 2013 fi­nan­cial year re­sult re­leased to the Nige­rian Stock Ex­change (NSE).

The com­pany, in 2013 grew its rev­enue from N7.4bil­lion to N8.1bil­lion, while earn­ings per share rose by 34 per­cent from 48kobo to 64kobo per share. Profit Be­fore Tax Jumped from N853mil­lion to N1.1bil­lion, an in­crease of 32 per­cent.

The state­ment signed by NAHCO’s Chief Fi­nance Of­fi­cer- Chinwe Chi­jiNnorom -at­trib­uted the strong per­for­mance to cost con­tain­ment strate­gies adopted in the year and to rev­enue in­crease which was as a re­sult of the pre­vi­ous year’s in­vest­ment in cargo mod­ern­iza­tion pro­grame.

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