Julius Berger Nigeria Plc has recorded a foreign exchange loss of N3.102 billion which resulted in an after-tax loss of about N1.931 billion in H1, 2020, compared to a profit of N2.835 billion in the corresponding period of 2019.
Further details from the company’s unaudited H1 financial report which was released today on the Nigerian Stock Exchange website, revealed that the construction firm recorded revenue of N102.055 billion during the first half of the year, as against N131.783 billion in 2019. Gross profit fell from N29.849 billion to N18.633 billion in 2020.
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However, Julius Berger recorded a significant decline in administrative expenses to N15.748 billion in 2020, less than N22.446 billion in 2019.
Recall that a few weeks ago, Julius Berger Nigeria Plc was added to the NSE 30 Index, replacing Transnational Corporation of Nigeria Plc which was removed.
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Quick fact: The NSE 30 Index was created to allow stock investors to track market movements and enhance efficient management of investment portfolios. The NSE 30 index uses the market capitalization methodology of the top most valuable Nigerian stocks by market value.
The construction giant’s share price at the time this report was drafted was at about N15 per share about 10% from reaching its 52 week low of N14.42.Its market capitalization presently stands at N23 .76 billion and it’s earning per share value stands at 2.52.
You may download the company’s financial statements by clicking here.
