NAHCO grows profit by 22% to N14bn in H1
Nigerian Aviation Handling Company Plc (NAHCO) reports a 22% increase in profit, reaching N14bn in H1 2026. Discover how strategic investments fueled NAHCO Read More: https://punchng.com/nahco-grows-profit-by-22-to-n14bn-in-h1/
Nigerian Aviation Handling Company Plc (NAHCO) has reported a 22% increase in profit for the first half of 2026, reaching N14bn. The company's financial report, released on the Nigerian Exchange Limited, highlighted the impact of strategic investments and corporate management initiatives on its overall performance. Gross revenue for H1 2026 amounted to N35.36bn, a 10.5% increase from N32.33bn in H1 2025.
Operating profit grew by 25.4% to N14.59bn, while profit before tax improved by 21.8% to N14.37bn. Net profit, after taxes, increased by 22.2% to N10.85bn, resulting in adjusted basic earnings per share rising from N4.55 to N4.87. Shareholders approved a combined cash and bonus dividend, with individual dividends increasing by N0.31 to N6.25.
The company's Chairman, Seinde Fadeni, emphasized the resilience of NAHCO's operating structure and the benefits of investments in critical assets, positioning the group as a leading aviation handling entity.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
