The Nigerian Aviation Handling Company (NAHCO) Plc has presented the summary of its unaudited financial statement for the year ended 31st December 2022.Â
The financial report shows that the company reported N2.721 billion in 2022, a massive 252.9% increase from the amount in 2021Â
The result is summarized as follows: Â
Revenue Â
- 2022 FY: N16.372 billionÂ
- 2021 FY: N10.232 billionÂ
- Change: +60%Â
Profit from operationsÂ
- 2022 FY: N3.867 billionÂ
- 2021 FY: N1.052 billionÂ
- Change: +267.6%Â
Profit before taxÂ
- 2022 FY: N3.787 billionÂ
- 2021 FY: N925 millionÂ
- Change: +309%Â
Income tax expenseÂ
- 2022 FY: N1.052 billionÂ
- 2021 FY: N153 millionÂ
- Change: +587.6%Â
Profit after taxÂ
- 2022 FY: N2.734 billionÂ
- 2021 FY: N771 millionÂ
- Change: +254.6%Â
Total Comprehensive income attributed to owners of the companyÂ
- 2022 FY: N2.721 billionÂ
- 2021 FY: N734 millionÂ
- Change: +270.7%Â
Earnings per shareÂ
- 2022 FY: N140Â
- 2021 FY: N46Â
- Change: +204%Â
Bottomline: The increase in profit appears to be driven by revenue improvement for the period despite the inflation. Meanwhile, the board says it is hopeful of continuous improvement in the group’s performance in 2023 and beyond.Â