Julius Berger released guidance for its 2015 Q1 results for the period ending March 31, 2015. The construction giants projects a revenue of N44.3billion compared to N46.6billion same period in 2014. Profit after tax for Q1 is also projected to be N1.27billion compared to N1billion a year earlier.
Julius Berger in 2014 post 5% increase in profit before tax to N8.2billion, however EPS dropped 8.8% to N6.13.
Here is a summary of the guidance.
JULIUS BERGER | Â | Â | Â |
Earnings Forecast | 2015 Q1 | 2014 Q1 | %age Change |
 | N’m | N’m |  |
Income Statement | Â | Â | Â |
Revenue | Â Â 44,320 | Â Â 46,662 | -5.0% |
Cost of sales | (33,905) | (36,197) | -6.3% |
Gross Profit | Â Â 10,415 | Â Â 10,465 | -0.5% |
Operating Expenses | Â Â (7,222) | Â Â (7,292) | -1.0% |
Operating Profit | Â Â Â Â 3,193 | Â Â Â Â 3,173 | 0.6% |
Other Income | Â Â Â Â Â Â Â Â 137 | Â Â Â Â Â Â Â Â 286 | -52.3% |
Net Finance Income/(cost) | Â Â (1,242) | Â Â Â Â Â Â (903) | 37.5% |
Profit Before Tax | Â Â Â Â 2,088 | Â Â Â Â 2,555 | -18.3% |
Taxation | Â Â Â Â Â Â (814) | Â Â (1,482) | -45.1% |
Profit after Tax | Â Â Â Â 1,274 | Â Â Â Â 1,074 | 18.6% |
Earnings Per share | 1.03 | 0.95 | 8.4% |
…