HomeBusinessNAHCO posts N16bn nine-month profit on revenue growth

NAHCO posts N16bn nine-month profit on revenue growth

The Nigerian Aviation Handling Company Plc has sustained its growth trajectory with double-digit increases across key performance indices in the third quarter of 2026, underlining continuous brand preference and operational efficiency.

The company’s interim report and accounts for the nine-month period ended 30 September 2026, released at the Nigerian Exchange, showed that total revenue rose 16.51 per cent to N55.64bn compared with N47.76bn recorded in the corresponding period of 2025. Higher operating margins helped expand operating profit by 19.5 per cent from N18.14bn to N21.66bn, while gross profit increased by 8.5 per cent from N25.97bn to N28.17bn.

A 19.7 per cent decline in finance costs to N1.26bn moderated a 39.1 per cent drop in finance income to N834m, propelling profit before tax up by 18.39 per cent to N21.24bn from N17.94bn. After tax deductions, net profit expanded by 19.2 per cent to N16.04bn compared with N13.46bn in the third quarter

This post was originally published on this site.

RELATED ARTICLES
- Advertisment -spot_imgspot_img

Most Popular

- Advertisment -spot_imgspot_img
- Advertisment -spot_imgspot_img