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.
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.
Here is a copy of the result.
The results indicate that Julius Berger declared a dividend of 25k, not |1 naira as claimed in the article
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.
Gross profit also dropped from N54 billion to N44 billion year on year rather than vice versa as stated in the article.