NAHCO revenue hits N8bn in 2013

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.