Julius Berger Nigeria Plc reported her financial year 2017 results to the market recently.
- The results show that revenue and net income were grown by 2.08% and 29.5% respectively.
- Due to relative stability in the FX market in the period covered, exchange rate losses dropped by 77.2% and helped free up income.
- The company’s net income was aided by extraordinary items (profit from sales of properties, plants, and equipment).
- Julius Berger gear ratio is low and shows that there is a greater prospect for the firm to take advantage of core capital to improve on her working capital going forward.
- A dividend of 100 kobo has been proposed to shareholders. This translates to a dividend yield of 4.03%
Kindly click on this link to see full details on the Corporate Brief of the firm.