Nigerian Aviation Handling Company Plc is involved in the provision of services, including aircraft handling, cargo handling, passenger profiling, crew transportation, leasing of ground handling equipment and equipment rental. The 2018 full year Audited Financial Report of the Company indicated an advancement in turnover of 7.29% to close at N9.825 billion away from N9.157 billion, it closed in 2017 and the Profit before tax of 67.88% to arrive at N503 million from 2017’s N299 million respectively.
The company’s profit after tax (PAT) for the period under review stood at N196 million which is about 1900% above the N9 million reported last same period of 2017.
Consequently, the shareholders’ earnings per share of the company that has learning and development center, providing training support for the nation’s aviation industry settled at N0.12 kobo for the period under review when compared with N0.01 kobo reported for the comparative period of 2017. This represents a growth of 1927.55%.
As at when computed at a price of N3.35, NAHCO’s PE Ratio stood at 27.65x with about 3.62% earnings yield.
The directors recommends a gross dividend of 25 kobo per ordinary share of 50 kobo each amounting to ₦ 406 million, subject to ratification at the Annual General Meeting. Shareholders whose names appear in the Register of Members as at the close of business on Monday, July 8, 2019 would only be considered for payment.
The Register of Members will be closed from Tuesday 9th to Thursday 11th July, 2019 while qualification date is scheduled for Monday 8th July 2019