Julius Berger declares FY’18 Financial Reports, Grows Profit by 142%

Julius Berger Nigeria Plc provides a wide range of services in design, engineering, procurement and construction, as well as operation and maintenance. Furthermore, Julius Berger has a history of increasing the capacity of the Nigerian economy through the development of essential infrastructure, establishment of local production facilities, investment in Nigerian content, and transfer of new technologies. Strong values differentiate Julius Berger and set a benchmark in Nigeria’s construction industry.

The Company’s management hit the market with its audited full year results on 22nd of March 2019. The reports showed a significant growth in Profit After Tax (PAT) by 142.37%, settling at N6.1 billion above 2017’s records of N2.5 billion.

The turnover figures appreciated to N194.6 billion in the period under review from N141.8 billion of 2017, which represents year on year growth of 37.16%.

The shareholders of the construction company gained about 142% of their earnings per share, which keeps the figure as at the end of the period under review at N4.62 as against the previous year’s N1.91.

The PE Ratio stands at 5.95x and earnings yield of 16.81%.

However, as at the time the audited results for the year ended 31st December 2018  is computed, the company has not released any information on dividend due for the shareholders.

 

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