{
  "id": 19065184,
  "title": "NAHCO Grows Profit to N16bn in Nine Months of 2026",
  "url": "https://urgent.news/2026/11/09/nahco-grows-profit-to-n16bn-in-nine-months-of-2026",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-09T01:25:00.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/11/09/nahco-grows-profit-to-n16bn-in-nine-months-of-2026/"
  },
  "original_language": "en",
  "account": "Nigerian Aviation Handling Company (NAHCO) Plc reported a 16.51% increase in total revenue to N55.64 billion in the third quarter of 2026, reflecting double-digit growth across key performance indices. The company's operating profit also rose by 19.5%, reaching N21.66 billion, as efficiency and brand preference continued to drive its success. Finance costs declined by 19.7%, offsetting a 39.1% drop in finance income, leading to a 18.39% increase in pre-tax profit. Net profit climbed by 19.2%, with earnings per share increasing by 19.2%. Dr Seinde Fadeni, NAHCO's Chairman, emphasized the group's leadership in the aviation services industry and the resilience of its business strategy. Group Managing Director Olumuyiwa Olumekun credited management's focus on quality growth and cost reduction for the revenue boost. NAHCO's performance suggests a strong trajectory for sustained growth and increased shareholder returns, aligning with the company's commitment to sustainability and diversification.",
  "summary": "Kayode Tokede Nigerian Aviation Handling Company (NAHCO) Plc sustained its growth trajectory, with double-digit growths across key performance indices in the third quarter highlighting the continuing brand preference and operation",
  "key_points": [
    "NAHCO's total revenue increased by 16.51% to N55.64 billion in Q3 2026",
    "Operating profit rose by 19.5% to N21.66 billion",
    "Net profit climbed by 19.2%, with earnings per share increasing by 19.2%"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}