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Home Business News

Julius Berger bounces back with ₦3.7 billion profit in 2017

Onome Ohwovoriole by Onome Ohwovoriole
March 17, 2018
in Business News, Company News
Julius Berger bounces back with ₦3.7 billion profit in 2017
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Construction giant Julius Berger Plc recently released its financial statements for the year ended December 2017. Revenue increased from ₦138 billion in 2016 to ₦141 billion in 2017. Gross profit dropped from ₦54 billion in 2016 to ₦44 billion in 2017.

Snapshot of Julius Berger 2017 results

The company also bounced back into profitability with an ₦3.7 billion profit before tax in 2017 compared to an ₦1.4 billion loss in 2016. Julius Berger made a profit after tax of ₦2.5 billion compared to a loss after tax of ₦2.3 billion made in 2016.

The company has declared a dividend of ₦1.00 per share.

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Here is a copy of the result.


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Tags: 2017 FY resultsJulius Berger
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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Comments 3

  1. Abiola says:
    March 18, 2018 at 3:08 pm

    The results indicate that Julius Berger declared a dividend of 25k, not |1 naira as claimed in the article

    Reply
    • Onome Ohwovoriole says:
      March 20, 2018 at 10:06 am

      The Board resolution released by the company places the dividend declared at N1.00. We will update you once we get further clarity from the company.

      Reply
  2. Anonymous says:
    March 19, 2018 at 8:15 pm

    Gross profit also dropped from N54 billion to N44 billion year on year rather than vice versa as stated in the article.

    Reply

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