Julius Berger Nigeria Plc provides a wide range of services in design, engineering, procurement and construction, as well as operation and maintenance. Furthermore, Julius Berger has a history of increasing the capacity of the Nigerian economy through the development of essential infrastructure, the establishment of local production facilities, investment in Nigerian content, and transfer of new technologies. Strong values differentiate Julius Berger and set a benchmark in Nigeria’s construction industry.
The company’s management hit the market with its audited full-year results on 22nd of March 2019. The reports showed significant growth in profit after tax (PAT) by 142.37%, settling at N6.1 billion above 2017’s records of N2.5 billion.
The turnover figures appreciated to N194.6 billion in the period under review from N141.8 billion of 2017, which represents year on year growth of 37.16%.
The shareholders of the construction company gained about 142% of their earnings per share, which keeps the figure as at the end of the period under review at N4.62 as against the previous year’s N1.91. Other income generated increased by 166.19% y/y to ₦2.20 billion in 2018. This was due to improvement in Other Gains and reduction in FX acquisition losses.
The Price-to-Earnings Ratio stands at 5.95x and earnings yield of 16.81%.
Return on equity for the year also improved to 17.23% compared to 8.36% in the previous year. Conclusively, the group’s EPS and DPS also rose significantly compared to the prior year. EPS rose by 46.81% to ₦5.30 as against ₦3.61 in 2017, while dividend increased to ₦2.00 – 100% higher than the ₦1.00 paid in 2017 FY.
However, as at the time the audited results for the year ended 31st December 2018 is computed, the company has not released any information on dividend due for the shareholders.