Shareholders of the Nigerian Aviation Handling Company (Nahco, Aviance) yesterday approved the 22k dividend per share payout by their company.
At the 36th Annual General Meeting (AGM) in Abuja, the shareholders commended the management for the dividend owing to the operational challenges in the aviation industry.
The company also declared a Profit After Tax of N583million and a turnover of N7.8billion.
Nahco’s new chairman Usman Bello said the company was leveraging on some of its divestments and subsidiaries especially the NAHCO Free Trade Zone(FTZ), NAHCO Energy, Power and Infrastructure(EPI) and its Mainland Cargo Operation(MCO).
Mr. Bello said the company is solid and making progress as the diversification is beginning to yield positive results.
In spite of the tough economic turf, the chairman commended the Federal Government for ‘significantly improving peace and security’ in the country.
National Coordinator of the Proactive Shareholders Association Oderinde Taiwo commended the Board and Management for the dividend, adding that despite global economic downturn, Nahco was able to wrestle the storm.
National Chairman of the Progressive Shareholders Association Okezie Boniface while commending the Board and Management proposed a Board of not less than seven and not more than eleven.
Bishop Goodluck Akpore said the successes recorded were laid by the former chairman Suleiman Yahayah and his predecessors, saying shareholders were happy with the diversification plans of the company.
Speaking also, Christie Vincent of the Independent Shareholders Association said the company is fluid and robust, even as she commended the management for the feat recorded again.
President of the Nigerian Shareholders Solidarity Association Chief Timothy Adesiya said the company’s cashflow is fluid and thanked them for the dividend approved for shareholders.