The National Aviation Handling Company (NAHCO) Plc, on Thursday, June 11, said it recorded a marginal leap in turnover from N8.09 billion in 2013 to N8.133 billion in 2014
It also recorded a plunge in profit after tax from N853 million to N568 million.
The Chairman Board of Directors, Suleiman Yahyah, who spoke at the Annual General Meeting (AGM) of the company in Abuja, stated that this reflected impacts of the effects of reduced cost and development expenditure on their diversification initiatives in a new subsidiary, the Nacho free Trade Zone.
He said: “Flights into the MMIA increased from 7,610 in 2013 to 8,019 in 2014,indicating a five per cent increase while operatives at MMA2 were much better as the number of flights jumped from 9,052 in 2013 to 11,145 in 2014 showing an increase of 23 per cent. At the cargo ramp, there was huge drop in flights by 13 per cent ,from 2,583 in 2014.”
Yahyah also revealed that in 2014 NAHCO recorded some improvements over the previous year.