Non-Executive Director of Nigerian Aviation Handling Company Plc, Tajudeen Shobayo, has purchased 540,730 shares for N9.8 million.
The Times stated in a notice of Directors Dealings signed by Company Secretary Bello A. Abdullahi and sent to the Nigerian Exchange Limited.
The transaction was completed on August 25, 2023, according to the notice issued by Company Secretary, Bello A. Abdullahi on August 29, 2023.
NAHCO shares were purchased in quantities of 540,730 at an average price of N18.15 per share.
Mr. Tajudeen Shobayo graduated from the University of Liverpool in the United Kingdom and is a Fellow of the Institute of Chartered Accountants of Nigeria.
Throughout his distinguished career, he has attended professional courses in Economics and Valuation, Opportunity/Project Management, Contract Management, Capital Budgeting, Fraud and Risk Management, and Strategic Cost Leadership in Nigeria, the Netherlands, the United Kingdom, and the United States.
His 38 years of expertise spans the public and private sectors, including oil and gas, education, real estate, and agriculture, as well as management and board positions.
NAHCO Plc announced a 97% profit gain in its unaudited financial statement for the first quarter of 2023.
According to the unaudited numbers released to the NGX, NAHCO’s income increased by 52% year on year to N4.294 billion.
A revenue analysis revealed that a higher share of revenue comes from passenger/aircraft handling and cargo handling income areas.
Passenger/aircraft handling accounted for the biggest percentage of overall income in Q1, at 68.90%, as it did in FY 2022 (58%).
In this part of the business, the company earned N2.959 billion, up from N1.453 billion in Q1 2022.
Cargo handling, on the other hand, remained the second largest with N1.174 or 27.33% of total income in Q1 2023.
