NAHCO’s turn over surges to N4.64bn in 6 months

Subomi Awokolude
Nigeria’s foremost ground-handling service provider, NAHCO Aviance, has declared a turnover of N4.64billion in the first six months of 2018.
The group, in the results announced for the half year 2018, posted the turnover against the N3.71billion posted for the same period last year. The results showed a 25 per cent increase over the same period in 2017.
Profit Before Tax stood at N500.97million as against N203.08million reported as at half year 2017, a 147 percent increase over last year.
Profit After Tax for the half year 2018 stood at N418.57million – a 137 percent increase over the N176.32million reported for the same period of last year.
The company also announced new business deals.
The announcement came on the heels of the publication of a decent 2018 half year financial performance.
The company in a statement said that it had signed a series of new contracts with both local and international airlines.
The signings with local airlines includes Max Air, which had since started smooth operations from Lagos and Kano, and handling of Hajj operations for Medview, one of the largest operators in the country.
Aside handling of International and Hajj operations for Flynas, NAHCO also handles domestic and of recent, regional operations for the nation’s largest operator, Air Peace and Aero World, delivering service to the delight of the airlines.
It will be recalled that NAHCO, which handles most of the airlines in the country, last February began handling the Rwandan international airline, Rwandair, providing ground-handling service for the fast rising operator at the Nnamdi Azikiwe International Airport, Abuja.