Business

NAHCO Plc shares record over 40% returns to shareholders in one month

In a month, the share price of aviation company, NAHCO Plc, appreciated by 42.50% to close at N5.70 per share, taking the market capitalization to N9.26 billion.

Advertisement

The growth in share prices which was recorded by the company can be attributed to the impressive Audited financial performance declared recently for the period ended, December 31, 2021.

In addition, the company’s shares improved on the back of investors’ dividends and bonus issue anticipation, as announced earlier this month.

Hence, the rally in the shares of the company resulted in a gain of N2.76 billion in market capitalization at the close of trading activities on Nigeria’s stock exchange.

Dear Reader,
Every day, we strive to bring the most accurate, up-to-date, and complete information to our readers like you. It requires money to produce good journalism. We're asking for your help today to help us do more. Your contribution ensures that Metro Times can continue to provide good journalism to people all over the world.  Donate or sign up for as little as N1,000 to become a member. Learn more about our membership here

Bank transfers can be made to:
Union Bank Plc
0139921998
Micnaij Media Ltd


Inquiries:
Email: info@metrotimesonline.com
Whatsapp: +234 701 162 0455
READ MORE:  Eterna Plc announces mandatory takeover of 1.3 million shares by Preline Limited