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Julius Berger Plc records 2.43% increase in 2020 Q4 revenue

Julius Berger Plc recorded a boost in two of its three revenue-generating units, as total revenue increased in Q4 2020.

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Julius Berger

Julius Berger Plc, reported revenue of N74.04 billion in the fourth quarter of 2020 compared to N72.29 billion recorded in the same period of 2019 – a 2.43% increase.

READ: Jumia plans to spin off logistics and payment unit in a bid to become profitable

Key highlights for 2020 Q4

  • Revenue increased to N74.04 billion, +2.43% YoY.
  • Revenue from Nigeria increased to N72.30 billion, +4.21% YoY.
  • Revenue from Europe & Asia declined to N1.74 billion, -40.07% YoY.
  • Revenue from civil works increased to N55.8 billion, +35.38% YoY.
  • Revenue from building works declined to N10.72 billion, -56.37% YoY.
  • Revenue from services increased to N7.54 billion, + 15.84% YoY.
  • Cost of sales increased to N60.1 billion, +13.19% YoY.
  • Other gains/losses increased to N83.89 million.
  • Investment income increased to N142.79 million.
  • Finance costs increased to N1.79 billion, +388.99% YoY.
  • Pre-tax profits declined to N5.12 billion, -30.65% YoY.
  • Earnings Per Share increased to N3.94, +19.76% YoY.

READ: Berger Paints Nigeria Plc records 8.96% increase in 2020 9M revenues

Julius Berger Plc recorded a major increase in revenue generated from its civil works unit, as well as a rise in services income generating unit.

Despite the significant decline in building works income-generating unit, the company still recorded a 2.43% increase in revenues compared to the corresponding quarter in 2019. However, pre-tax profits declined in the period under consideration.

Adeyemi holds a PhD in Accounting Sciences. He has worked in the Educational Sector and as an Independent Consultant.

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Company Results

Rak Unity Petroleum Company Plc Posts N63 million loss in 2020 FY results

Rak Unity Petroleum Company Plc reported revenue of N1.41 billion representing a 68.14% decline from the N4.42 billion revenue reported a year earlier.

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Focus: This small-cap oil company is seriously lagging behind

Rak Unity Petroleum Company Plc released its 2021 FY results reporting total revenue of N1.41 billion representing a 68.14% decline from the N4.42 billion revenue reported a year earlier.

  • Operating expenses during the year was N149.65 million in 2020 compared to N221.89 million in 2019. –32.56% YoY
  • The company reported a loss after tax of N63.02 million in 2020 compared to N14.52 million loss after tax in 2019.
  • It reported a loss per share of N1.11  in 2020 compared to N0.26 loss per share reported in 2019.
  • No dividend announcement was made in their press release.
  • The company share price of N0.30 unchanged YTD.

See link to results here

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Company Results

Conoil posts 23% post-tax profit decline in 2020 FY results

Conoil Plc reported a revenue of N117.47 billion representing a 15.95% decline from the N139.76 billion revenue reported a year earlier.

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Conoil Plc released its 2021 FY results reporting revenue of N117.47 billion representing a 15.95% decline from the N139.76 billion revenue reported a year earlier.  

  • Operating expenses during the year was N7.64 billion in 2020 compared to N9.68 billion in 2019. 20.9% YoY 
  • The company reported a profit after tax of N1.52 billion in 2020 compared to N1.97 billion in 2019. –22.97% cut YoY.  
  • It reported an earnings per share of 219 kobo in 2020 compared to 284 kobo earnings per share reported in 2019. 22.89% YoY. 
  •  No dividend announcement was made in their press release. 
  • The company share price of N20.85, up +0.72% YTD. 

See link to results here

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