Julius Berger grows assets by 4.9% to N329bn

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Julius Berger grows assets by 4.9% to N329bn


 Julius Berger Nigeria Plc has grown  its total assets by 4.9 per cent to N329 billion in the financial year ended December 31, 2020, from N317 billion recorded in the corresponding period of 2019.

The Company recorded a stable turnover of N 242 billion and a Profit before Tax of N3.9 billion. With an operational cash flow of N6 billion, Julius Berger continued implementing strategic investments, amounting to N10 billion within the period.

The figures released by the Nigerian Exchange Limited indicate that the Company was able to overcome temporary shutdowns of its construction sites in the second quarter of 2020by utilizing its strong base of personnel and capital resources.

Meanwhile, as an indication of its continuing encouraging trajectory of performance, Julius Berger in the first quarter ended March 31, 2021, Q1’21 reported a turnover of N71.2 billion, up by 27.34 per cent from N55.9 billion reported in Q1’2020.

Profit before tax grew by 228 per cent to N3.4 billion from N1.1 billion achieved in the first quarter of 2020. Earnings per share (EPS) of Julius Berger for the period under review increased to N1.52 from the EPS of 72kobo, which translates to 111 per cent growth year on year.

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