NAHCO reports 39% drop in earnings, propose dividend and bonus issue

NIGERIAN AVIATION HANDLING COMPANY PLC: AUDITED FINANCIAL STATEMENTS FOR

THE YEAR ENDED DECEMBER 31, 2014 –

Revenue

Revenue for the period was flat as the company reported 2014 revenues of N8.133b, 2013 N8.092b.

Profitability

Pre-tax profits dropped 22% to N769.4million compared to the N988million reported a year earlier.
Profit After Tax for the year ended December 2014 was N568.553m and 30% down from the N817.22million posted in 2013

Shareholders

Earnings per share for the period was 39kobo representing a 39% drop from the 64 kobo reported a year earlier.
Proposed Dividend: 20kobo, Proposed Bonus: 1 for 10, Closure Date: 18th May 2015, AGM Date: 11th June 2015, Payment Date: 11th June 2015, AGM Venue: Abuja