NAHCO posts N7.2bn turnover in nine months

Posted On: Tue 06 Nov 2018 By PUNCH NG

The Nigerian Aviation Handling Company Plc has said it recorded N7.25bn turnover for the nine-month period that ended on September 30, 2018.

 

According to the company, this is an increase of 25 per cent over the same period in 2017.

 

NAHCO said in a statement that the performance saw it declare a profit before tax of N731.8m, representing a 107 per cent increase over the N336m recorded during the same period last year.

 

It added that profit after tax stood at N601.3m, about 109.8 per cent higher than the N287.4m recorded over the same period last year.

 

The company said the performance was an outcome of initiatives and actions undertaken by its management, led by the Managing Director/Chief Executive Officer, Mr Idris Yakubu, who assumed office in November 2017.

 

It explained that Yakubu had started the implementation of a series of short and medium- term process reviews and service improvement initiatives that had led to enhanced service delivery and improved customer satisfaction by the company’s growing clients.

 

Yakubu was quoted to have said, “We are extremely delighted with the recent results. It shows that the various initiatives that we are implementing to delight our customers are indeed working.

 

“A lot of credit for this performance, no doubt, goes to the board of the company who have supported and trusted our leadership, our staff who are diligent and have become more responsive, our loyal clients who trusted us to handle all their business, and indeed, other stakeholders of the company.”

 

While expressing his optimism that the company was looking forward to a solid end of year, Yakubu said that all indices point to a strong showing and the kind of performance that the company had not seen in recent years.

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