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 | |||
| Earnings Forecast | 2015 Q1 | 2014 Q1 | %age Change |
| N’m | N’m | ||
| Income Statement | |||
| Revenue | 44,320 | 46,662 | -5.0% |
| Cost of sales | (33,905) | (36,197) | -6.3% |
| Gross Profit | 10,415 | 10,465 | -0.5% |
| Operating Expenses | (7,222) | (7,292) | -1.0% |
| Operating Profit | 3,193 | 3,173 | 0.6% |
| Other Income | 137 | 286 | -52.3% |
| Net Finance Income/(cost) | (1,242) | (903) | 37.5% |
| Profit Before Tax | 2,088 | 2,555 | -18.3% |
| Taxation | (814) | (1,482) | -45.1% |
| Profit after Tax | 1,274 | 1,074 | 18.6% |
| Earnings Per share | 1.03 | 0.95 | 8.4% |
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