CORPORATE BRIEF: JULIUS BERGER NIGERIA RECORDED A GROWTH OF 2.08% & 29.5% IN REVENUE & NET INCOME RESPECTIVELY

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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.

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  1. Pingback: Julius Berger Recorded A Growth Of 2.08% & 29.5% In Revenue & Net Income - Naijaray Headline

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