The Nigerian Aviation Handling Company Plc, NAHCO, announced its profit after tax, PAT, for the period ended December 31, 2015 stood at N537.8 million.
The company’s result on the Nigerian Stock Exchange, NSE, showed that the profit after tax slid by 5.4 percent to N537.8 million from N568.6 million posted a year earlier.
Conversely, pretax profit scooped 3.6 per cent to N796.79 million from N769.45 million declared the corresponding period of 2014.
Similarly, revenue of NAHCO grew by five per cent to N8.5 billion 2015 as against N8.1 billion declared for the 2014 financial year.
The results showed that the Company weathered the unfavourable operating environment to post a result which analysts described as encouraging. The performance compares favourably and is above market average for publicly listed companies.
The company, on the basis of this result, is proposing a dividend of N324.8 million to its shareholders, amounting to 20 kobo per share.
NAHCO Records N538million Profit after Tax – https://t.co/zGnYsO5rHC https://t.co/1gngKkIx8U