NAHCO data N12.8bn revenue

The Nigerian Aviation Dealing with Firm Plc posted a 65 per cent surge in revenue after tax to N12.87bn for the total yr ended December 31, 2024, up from N5.54bn recorded in 2023.

The corporate’s audited monetary outcomes confirmed progress throughout key monetary indicators, with income climbing by 87 per cent to N53.2bn in 2024 from N28.4bn within the earlier yr. This enhance was pushed by larger demand for floor dealing with companies and improved operational efficiencies.

Regardless of the income enhance, NAHCO confronted rising prices, with working bills leaping to N21bn in 2024 from N13.4bn in 2023, reflecting elevated operational actions. Administrative bills additionally grew to N11.3bn from N6.1bn within the earlier yr.

Nevertheless, the corporate maintained profitability, with gross revenue doubling to N32.2bn from N15bn in 2023.

The corporate’s revenue earlier than tax soared by 111 per cent to N18.3bn in 2024 from N8.68bn within the earlier yr, supported by improved value administration and better income.

Within the interval below overview, finance earnings elevated to N146m from N20m, whereas finance prices rose to N1.18bn from N202m in 2023.

Tax bills for the yr stood at N5.43bn, up from N3.14bn within the earlier yr, reflecting the corporate’s larger earnings.

In the meantime, earnings per share jumped to 660 kobo from 284 kobo in 2023, highlighting elevated returns to shareholders.

The PidomNigeria reported that the Nigerian Aviation Dealing with Firm Plc has set a goal of N300bn in complete group income within the subsequent 5 years.

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