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Sales, Efficiencies Drive NAHCO’s PBT to N3.8bn

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The Nigerian Aviation Handling Company Plc (NAHCO) has announced a profit before tax of N3.84 billion for 2022, a remarkable increase of 315.14 percent from N924.86 million recorded in 2021.

 

This was contained in a statement released to the Nigerian Stock Exchange, obtained by Biztellers, in which the company attributed the performance to strong sales income and business-wide efficiency.

 

Biztellers reports that NAHCO has recommended dividend payouts of N2.34bn to shareholders for the accounting period, up from N665.93m paid out in the corresponding period of 2021. This year’s dividend is remarkable 251 percent higher than the previous year’s.

 

According to the statement, “Shareholders on the register of the company as of the close of business on May 12, 2023, will receive a dividend per share of N1.20 for the 2022 business year. The dividend will become payable on May 26, 2023.”

 

The annual returns for the year ended December 31, 2022, filed at the NGX revealed that group turnover rose by 63.3 percent from N10.23bn in 2021 to N16.71bn in 2022.

 

In the same vein, gross profit doubled by 125.81 percent from N3.34bn to N7.55bn, while operating profit rose by 274.2 percent from N1.05bn to N3.94bn.

 

Also, net profit increased by 246.4 percent from N771.62m to N2.67bn for the 2021 and 2022 accounting periods respectively.

 

Earnings per share also rose by 257.89 percent from 38 kobo to N1.36.

 

The statement averred that the group’s performance was underlined by significant improvements across the businesses, driven mainly by the group’s flagship handling business.

 

According to the Group Managing Director, NAHCO Plc, Indranil Gupta, the 2022 results reflects the gains of recent investments and continuous improvements in the operations of the aviation handling group.

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Other News

Lokoja Hosts GOCOP’s 2024 AGM, Conference

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Lokoja, capital of Kogi State, the Confluence State of Nigeria played host to the 2024 edition of the Annual General Meeting (AGM) and Conference of the Guild of Corporate Publishers (GOCOP).

The two-day event tagged Lokoja’24, was chaired by Nigeria’s former Ambassador to Spain, Alhaji Yusuf Yaro Mamman, according to the 2024 Conference Planning Committee chairman, Danlami Nmodu, mni, as announced by the Publicity Secretary of GOCOP, Sir Remmy Nweke.

ALSO READ: Ambassador Mamman Chairs GOCOP 2024 Conference In Kogi

The AGM held at Reverton Hotel, 1/5 Kunama Crescent, GRA Lokoja, Kogi State, Wednesday, October 2, 2024, while the Conference held on Thursday, October 3, 2024.

The events witnessed a massive turnout as almost all Publishers and CEOs of Corporate Online outfits in Nigeria graced the ocassion.

According to the Chairman of the Organising Committee, the theme of the 8th annual conference is: “Nigeria: Tackling Insecurity, Power Deficit, and Transitioning to Digital Economy.”

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Entertainment

Wizkid Confirms He’s Expecting Third Child With Jada Pollock

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Nigerian music sensation, Ayodeji Ibrahim Balogun, better known as Wizkid, has confirmed that he and his manager, Jada Pollock, are expecting their third child together.

The superstar made the announcement during a recent interaction on social media, putting an end to rumours that have been circulating about Jada’s pregnancy.

Wizkid, who began his relationship with Jada in 2014, welcomed their first child, Zion, in 2017. In 2022, the couple expanded their family with the birth of another son, AJ.

Speculation about a third child began when Jada was seen flaunting what appeared to be a baby bump on social media, sparking conversations among fans and the media.

READ MORE: Wizkid Escalates Beef With Davido, Takes Shot At Gov Ademola Adeleke

The rumours were officially confirmed when a user on X (formerly Twitter) commented on Wizkid’s recent online activities, hinting at the pregnancy. The fan wrote, “Wizkid, your woman get belle but na you dey show the hormones,” referencing the singer’s social media behaviour. Wizkid responded, “Yes o! We Dey feel am together! Can’t wait to meet my new baby!” – confirming the pregnancy.

Apart from his two sons with Jada, Wizkid is also a father to two other boys from previous relationships. His first son, Boluwatife, was born in 2011 to Shola Ogudu, and his second son, Ayodeji Jr., was born to Binta Diallo in 2016.

The news of Wizkid expecting another child has generated excitement among his fans and followers, further solidifying his image not just as an international Afrobeat star, but also as a family man.

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Other News

Kebbi APC Chairman Shot Dead By Gunmen

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Bako Bala, the chairman of the All Progressives Congress (APC) in Suru Local Government Area of Kebbi State, has been tragically killed following an attack by armed gunmen.

The incident occurred at his residence during what appears to have been an abduction attempt.

The news was confirmed by Zaidu Bala, special adviser on television and radio to Kebbi State Governor Nasir Idris, who shared the information via a Facebook post.

Read Also: ‘How Many Things Have They Manipulated?’ –  VDM Reacts To Pastor Adeboye’s Apology

“To Allah we belong and to Him we shall return. Alhaji Bako Bala has died — APC chairman of Suru local government,” the post read.

According to the adviser, Bala succumbed to gunshot injuries at the Medical Centre Hospital in Birnin Kebbi after the gunmen shot him during the attempted abduction of him and his family.

Kebbi State police spokesperson, Nafiu Abubakar, mentioned that he is in the process of verifying details of the attack and would provide further information in due course.

This tragic killing comes amidst a wave of rising insecurity in Nigeria’s north-west region, where banditry and kidnappings have continued to escalate.

Over the past few months, security forces have been engaged in intensified efforts to combat this violence.

On September 11, the Nigerian Air Force successfully thwarted a terrorist attack on the Department of State Services (DSS) facilities in Niger State.

Just days later, Operation Hadarin Daji forces neutralized notorious bandit leaders in Zamfara.

 

 

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