Sunday, April 20, 2025
26.4 C
Lagos

NahcoAviance Reports N8.5bn Turnover in 2O15

The Nigerian Aviation Handling Company Plc [NahcoAviance] has reported turnover of N8.5 billion in the financial year ended December 31, 2O15. This compares with N8.1 billion realised in the same period of 2O14. The Profit Before Tax rose from N769.5 million in 2O14 to N796.8 million in 2O15.
Mr. Suleiman Yahyah, Chairman, NahcoAviance said at the company’s 35th Annual General Meeting AGM in Abuja that NahcoAviance remains profitable, maintained stability in its performance ratios with a sustained reasonable buffer and cash reserves to meet short-term challenges.
“In 2O15, Nahco maintained relative stability in its performance and operations. We handled a total of 39, 699 flights compared o 35, 557 flights handled in 2O14. This is an improvement of 11 per cent.”
Yahyah added: “The board therefore remains confident that with the consistent execution of our planned actions in 2O16 and strengthening our footprints in West Africa, Nahco will return to its double-digit growth path inspite of the short-term challenges of the Nigerian economy.”
The company proposed a dividend of N324.8 million which was duly approved by shareholders.

spot_img
spot_img
spot_img

Hot this week

NCDMB, Renaissance Energy Partner on Local Content Dev

L-R:  Managing Director and Chief Executive Officer Renaissance Africa...

NGX Group Holds 64th AGM, Reaffirms Commitment to Sustainable Value for Stakeholders

The Nigerian Exchange Group Plc (NGX Group) held its...

Leadway Assurance Partners AGRA on ‘Pay at Harvest’ Crop Insurance Scheme

In a significant step towards deepening agricultural resilience across...

Stanbic IBTC Bank Unveils “There Is More” Campaign: A Rallying Call for CEOs across Nigeria

Stanbic IBTC Bank ignites a nationwide conversation with the...

IPI Nigeria Appoints Idris, Garba Shehu, Egbemode, Ohwahwa, 25 Others to Committees

The International Press Institute (IPI) Nigeria has announced the...

Topics

Linkage Assurance Reports N6.52bn Gross Premium in Q4 2019

  Daniel Braie Managing Director/CEO Linkage Assurance Plc Linkage Assurance Plc has recorded...

 ‘We Are Promoting Adire to Support SMEs to Play in AfCFTA, Boost Tourism, Culture in Africa’ – Ecobank

  L-R: Former Managing Director, Ecobank Nigeria, Patrick Akinwuntan; Former...

AIICO Insurance CEO, Fajemirokun, Bags 2020 Top CEO Award

Mr. Babatunde Fajemirokun Managing Director/CEO AIICO Insurance Plc Mr. Babatunde Fajemirokun, Managing...

COVID-19: Ecobank Nigeria Supports States with Food Items

Ecobank Nigeria has donated food items to several state governments across the country as contribution to various initiatives aimed at cushioning the effect of the current lockdown on citizens. These palliatives are targeted at the most vulnerable members of the society who have been the hardest hit economically as a result of the current crises. Speaking in Lagos, Executive Director Commercial Banking, Ecobank Nigeria, Carol Oyedeji said this action would also go a long way in supporting members of the community who earn a daily wage and may not have the opportunity of working under the present environment. She noted that the donations are part of the bank’s Corporate Social Responsibility (CSR) and focused on providing support as best as possibleShe remarked that “as a bank we give strong priority to people’s welfare. We are determined to assist ordinary Nigerians during the current difficulties and this is one of the ways we are achieving this. We are also offering concessions to our SME Lending customers at this time given the strain on their cashflows and creating ease for the general public to transact digitally while at home”. Ecobank Group has so far contributed over US$3 million to the fight against COVID-19 across its footprint in Africa in line with the Bank’s commitment to the Region. The Institution is supporting governments, the World Health Organisation (WHO) and partnering with private sector operators to alleviate the effect of the pandemic on citizens. These have been in the form of cash, healthcare equipment, donation of supplies, awareness campaigns while also using digital platform to provide funds to beneficiaries of various funds being distributed. The Bank is particularly mindful of the needs of its communities and remains committed to providing the appropriate support required.    

Global Leaders Commit $8bn in Major Development Initiative for Horn of Africa

• UN Secretary-General, WBG, IsDBG Presidents, other Agency Heads...

Nigeria, Japan Partner on Digital Economy

Mr. Bitrus Bako Nabasu, Permanent Secretary, Ministry of Communications...

ITU: Summit to Focus on Opportunities to Apply Artificial Intelligence for ‘Good’

The world’s leading minds in Artificial Intelligence (AI) and...

Nigeria’s GDP Projected on 7% in Coming Decade

The growth projection of Nigeria could lift to 6-7 per cent in the coming decade on the plank of growth-friendly policies by successive governments in the country. This is one of the key findings from a report from PricewaterhouseCoopers( PwC) economists on The World in 2050: Will the Shift in Global Economic Power Continue?
spot_img

Related Articles

Popular Categories

spot_imgspot_img