Nigerian Aviation Handling Company on Friday May 29th, 2020 released its full year audited result for the period ended, 31 December, 2019.
The aviation company filed a total turnover of N9.996 billion, up by 2.26% away from N9.775 billion reported in 2018.
Profit before tax grew by 166% to settle at N1.34 billion better than N503 million reported in 2018.
The company posted a profit after tax of N717 million, grew significantly by 264% above N197 million recorded in 2018.
Earnings per share (EPS) for the period under review stands at N0.44 in contrast to N0.12 EPS of 2018, translating to a growth of 264.44% YnY
With reference to the share price of N2.50 on the released date, the P.E ratio of NAHCO stands at 5.66x with earnings yield of 17.66%.
The company’s management proposed a gross dividend of N0.30 per ordinary share of N0.50 each, amounting to N487 million to members at the AGM for approval