• Tuesday, April 23, 2024
businessday logo


NAHCO to introduce new board, executive members to capital market operators

NAHCO envisages increased growth as firm implements five-year transition plan
They will also be honoured with the NSE closing gong ceremony. Going by the company’s impressive financial scorecards, the stockbroking community will no doubt be demanding more from the new board members/executives.
Since January 24 2019, the company’s share price has remained at N3.45. It had reached a 52-week high of N4.32 and 52-week low of N3.21.

This is despite that NAHCO Plc grew its revenue by 25.2percent to N7.25billion in the nine months (9M) period ended September 30, 2018, up from N5.79billion reported in same period of 2017. The company’s Profit Before Tax (PBT) grew by 117.7percent to N731.84million, from N336.12million recorded same period in 2017.

NAHCO is a Nigerian diversified enterprise with interests in aviation cargo, aircraft handling, passenger facilitation, crew transportation and aviation training. Its shares outstanding are 1,624,218,750 units while market capitalisation slightly is in excess of N5.603billion.