NAHCO just locked down huge airline deals, signaling major revenue ahead. The ground handling company renewed contracts with heavy-hitters Air France, KLM, and Virgin Atlantic. It also extended a deal with African carrier RwandAir. New agreements were signed with United Nigeria-Regional, Bellagio, and Malaikair. These are multi-year service contracts for comprehensive handling solutions.
Company executive Prince Saheed Lasisi cited their forty-six year service record as a key advantage. He stated their readiness to exceed customer expectations across all service offerings. Group Managing Director Olumuyiwa Olumekun noted new equipment deployments would further improve service delivery.
Bellagio Air operates from Lagos, focusing on luxury domestic and regional travel. Malaikair aims to provide accessible flights linking Africa and the Caribbean. These partnerships strengthen the company's financial outlook following a period of significant growth.
Recent financial reports show double-digit growth across major performance indicators. Total revenue saw an increase of over forty percent, driven by new and renewed contracts. Gross profit also grew substantially, demonstrating cost efficiency.
Operating profit jumped over forty percent, highlighting core business strength. Profit before tax rose by nearly half compared to the prior period. Net profit followed a similar trajectory of strong increase.
The company's balance sheet remains robust with growth in total assets and shareholders' funds. This performance follows a notable increase in dividend payout for the previous business year. The current earnings per share figure suggests continued high dividend potential.
Company executive Prince Saheed Lasisi cited their forty-six year service record as a key advantage. He stated their readiness to exceed customer expectations across all service offerings. Group Managing Director Olumuyiwa Olumekun noted new equipment deployments would further improve service delivery.
Bellagio Air operates from Lagos, focusing on luxury domestic and regional travel. Malaikair aims to provide accessible flights linking Africa and the Caribbean. These partnerships strengthen the company's financial outlook following a period of significant growth.
Recent financial reports show double-digit growth across major performance indicators. Total revenue saw an increase of over forty percent, driven by new and renewed contracts. Gross profit also grew substantially, demonstrating cost efficiency.
Operating profit jumped over forty percent, highlighting core business strength. Profit before tax rose by nearly half compared to the prior period. Net profit followed a similar trajectory of strong increase.
The company's balance sheet remains robust with growth in total assets and shareholders' funds. This performance follows a notable increase in dividend payout for the previous business year. The current earnings per share figure suggests continued high dividend potential.
