• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, July 5, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

NAHCO’s N11.6bn Dividends Excite Shareholders

by Olushola Bello
2 months ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

Ahead of the 44th Annual General Meeting of Nigerian Aviation Handling Company (NAHCO), shareholders of the Company have commended its performance for the year ended December 31, 2024.

Advertisement

The commendation came on the heels of the declaration of full-year 2024 audited results, as profit before tax soared by 115.4 per cent to N18.70 billion in 2024 as against N8.68 billion in 2023.

Total revenue rose by 88.5 per cent from N28.40 billion in 2023 to N53.54 billion in 2024. With increased top-line efficiency, gross profit increased by 120.53 per cent to N33.08 billion in 2024 as against N15 billion in 2023.

Operating profit also jumped by 123.93 per cent from N8.86 billion to N19.84 billion, underscoring the fact that the group’s performance was driven mainly by core business operations.

Based on this result, the board of directors of NAHCO has recommended distribution of N11.58 billion as cash dividends to shareholders for the 2024 business year, more than double of N4.95 billion distributed for the 2023 business year.

RELATED

Sujimoto Pays ₦273m Salary Arrears, Eyes Construction Of Tallest Tower In Banana Island

Sujimoto Pays ₦273m Salary Arrears, Eyes Construction Of Tallest Tower In Banana Island

2 hours ago
Nigeria’s Internet Subscribers Reach 148m, Highest In 14 Months

Despite 50% Tariff Hike, Internet Usage Hits 1m TB In May

13 hours ago

The Q1, 2025 unaudited results of the company submitted to the Nigerian Exchange (NGX) have also revealed that the Company is set to outperform the Q1, 2024 results, with Q1, 2025 revenue more than doubling the 2024 figure for the same period.

Contract renewal with clients had been concluded at the rate of 95 per cent, while new clients were onboarded during the period

NAHCO is also taking delivery of new Ground Support Equipment, just arriving at the Lagos Seaport, which will further help service delivery.

This series of developments has earned the commendation of shareholders, regulators and other stakeholders.

National Coordinator, Independent Shareholders Association of Nigeria (ISAN), Mr. Moses Igbrude, commended the board and management of NAHCO for running the company in a way that delivers increasing value for the shareholders.

“NAHCO has done fantastically well, it has outperformed investors’ expectations. The present board and management are running the business very well,” Igbrude said.

He urged the company to continue its commendable growth trajectory by continuing to explore other emerging opportunities.

President, Association for the Advancement of Rights of Nigerian Shareholders (AARNS), Dr Faruk Umar said NAHCO has shown very impressive performance, citing the company’s results for full-year 2024 and first quarter 2025.

According to him, in 2024 had a robust financial performance which was unprecedented.

He noted that the dividend of N5.94 per share declared by the board of directors is highly commendable.

Looking at the 2025 first quarter result, which witnessed a tremendous increase, we believe this year will be very impressive for shareholders.

“We commend the board chairman for his effective leadership, as well as the management and staff of the company for their dedication and commitment to the progress of the company,” Umar said.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: Nigerian Aviation Handling Company (NAHCO)
SendShareTweetShare
Previous Post

Nigerians Spend N5.3trn On Telecom Services

Next Post

Despite Band A Tariff Increase, DisCos Power Sector’s Weakest Link – Adelabu

Olushola Bello

Olushola Bello

You May Like

Sujimoto Pays ₦273m Salary Arrears, Eyes Construction Of Tallest Tower In Banana Island
Business

Sujimoto Pays ₦273m Salary Arrears, Eyes Construction Of Tallest Tower In Banana Island

2025/07/05
Nigeria’s Internet Subscribers Reach 148m, Highest In 14 Months
Business

Despite 50% Tariff Hike, Internet Usage Hits 1m TB In May

2025/07/05
Equities To Sustain Positive Sentiment Amidst Audited Earnings Expectations
Business

Interim Dividend: Stocks Gain N377bn In 1 Week

2025/07/05
Nigeria Is Top Investment Pick, Says Asia Fund Veteran
Business

Nigeria Is Top Investment Pick, Says Asia Fund Veteran

2025/07/05
Galaxy Backbone, REA Partner To Power Rural Areas
Business

Galaxy Backbone, REA Partner To Power Rural Areas

2025/07/05
Segilola Resources Unveils Livelihood Programme For Osun Communities
Business

Segilola Resources Unveils Livelihood Programme For Osun Communities

2025/07/05
Leadership Conference advertisement

LATEST

Nigerian Gov’t Grants Visa Overstayers Amnesty To Regularise Status

Revocation: Kaduna Govt To Refund Buyers Of Queen Amina, Alhuda-huda College Houses 

40 Ghanaian Victims Rescued As Police Bust Human Trafficking Syndicate In Ondo

NASS To Transmit Constitution Review Report To State Assemblies Before December

Jigawa Local Gov’t Chairman Dies At 61

Club World Cup: 9-man PSG Defeat Bayern To Reach Semi-final

Sujimoto Pays ₦273m Salary Arrears, Eyes Construction Of Tallest Tower In Banana Island

Liverpool Stars Honour Diogo Jota, André Silva At Funeral In Portugal

Chelsea Complete £48.5m Signing Of Gittens From Dortmund

Forget 2027, Presidency Tells Coalition’s ADC

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.