Airline Services and Logistics, Nigeria’s biggest airline catering company, posted profit for the nine months through September of 455.9 million naira from 143.26 million naira a year earlier. Revenue rose to 2.96 billion naira from 2.68 billion naira.
The result is “fantastic,” David Adonri, chief executive officer of Lambeth Trust and Investment Co. Ltd, said by phone from Lagos today. “The company is minting money and that is enough to attract investors into it,” he said.
Airline Services shares have risen 21% this year.
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