NAHCO strengthens dividend capacity as H1 earnings rise 22%

By Chukwuma Umeorah
Nigerian Aviation Handling Company (NAHCO) Plc increased its profitability in the first half of 2026, strengthening expectations of another dividend-paying year after reporting a 22.2 per cent rise in net profit and improved earnings per share despite an increase in its outstanding shares following a bonus issue.
The aviation handling company, in its unaudited financial statements for the six months ended June 30, 2026, filed with the Nigerian Exchange Limited (NGX), reported profit after tax of N10.85 billion, up from N8.88 billion recorded in the corresponding period of 2025.
Profit before tax (PBT) rose by 21.8 per cent to N14.37 billion from N11.79 billion ...