Nahco Aviance Half year PAT soars 137% to N418.6bn in 2018

Nacho Aviance Nigeria Plc has recorded a massive boost in its Net profit for the half year and second quarter period ended 30th June, 2018, as it posted a 137% rise in profit after tax, comparing the current N416.5million to the N176.3million posted same period of 2017.

The company’s revenue in the first half of 2018 stood at N4.6billion, also reflecting a boost in revenue by 25%, away from N3.7billion reported for half year 2017.

Earnings per share consequently grew from 11kobo to 26kobo in the corresponding period, representing also about 137% year on year growth with just about 1.6billion share outstanding.

At a stock price of N4, the company’s price to earnings ratio stood 15.5x with about 6% earnings yield as at when computed.

Nigerian Aviation Handling Company Plc offers passenger and baggage handling, cargo handling through its customs-bonded warehouses and mail handling through postal authorities, and ramp and other ground handling services through the provision of ground support equipment.

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