NAHCO declares N5.94 dividend in FY 2024, profit rises to N12.86bn

Nigerian Aviation Handling Company Plc (NAHCO) has declared a final dividend of N5.94 for the year ended 31 December 2024.

The Company reported revenue of N53.54 billion for the 12 months period, up by 88.53% from N28.4 billion reported in FY 2023.

Profit after tax grew year on year by 132.22% to N12.86 billion from N5.54 billion profit reported the previous year.

Earnings per share of NAHCO stands at N6.60.

At the share price of N66.90, the P/E ratio of NAHCO stands at 10.14x with earnings yield of 9.87%.

Qualification date for the proposed dividend is Friday 9th May 2025. The Register of Shareholders to be closed from Monday 12th May 2025 to Wednesday 14th May 2025.

On Friday 23rd May 2025, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at Friday 9th May 2024.