Thursday, June 26, 2025
  • About
  • Advertise
  • Careers
  • Contact
Newsroom Nigeria
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life
No Result
View All Result
Newsroom Nigeria
Home Company News

JULIUS BERGER EXCITES SHAREHOLDERS WITH N4.8 BILLION GROSS DIVIDEND PAYOUT

Stressing that a greater scenario is projected to play out in the current financial year, the chairman disclosed that the Board of Directors is pleased to recommend a dividend of N3.00 per 50 Kobo ordinary share

Newsroom Nigeria by Newsroom Nigeria
June 25, 2024
in Company News, News
Reading Time: 3 mins read
0
SHARES
Share on FacebookShare on Twitter

 

Leading engineering construction company, Julius Berger Nigeria Plc is paying out a gross dividend of N4.8billion to shareholders even as the company is determined to maintain its position as a leader in corporate Nigeria.

Related posts

FirstBank Wins Gold for Best Corporate University in Social & Climate Change Impact

FirstBank Wins Gold for Best Corporate University in Social & Climate Change Impact

June 26, 2025
Alleged N110b Fraud: Court Adjourns Yahaya Bello’s Trial to July 8

Alleged N110b Fraud: Court Adjourns Yahaya Bello’s Trial to July 8

June 26, 2025

At the company’s 54th Annual General Meeting, AGM held in Abuja yesterday, Chairman of the Board of Directors, Mr. Mutiu Sunmonu said, ‘though we have endured formidable challenges, our Company’s financial performance and resilience for the year 2023 was exceptional, resulting in yet another record-breaking year following the highly successful outcomes of 2022.’

Stressing that a greater scenario is projected to play out in the current financial year, the chairman disclosed that the Board of Directors is pleased to recommend a dividend of N3.00 per 50 Kobo ordinary share, resulting in a total gross dividend payout of N4.8 billion.”

He said the pressures were magnified by the 2023 general election lulls, administrative transition periods, and policy shifts at both the State and Federal levels, adding that,  thanks to forward-looking cost management, strong contracts management and unmatched efficiencies in procurement, our Company’s financial results have remained largely in line with planning, while earnings before taxes improved. Such positive outcomes were mirrored across our Group, in which rigorous management combined with excellent performance led to a Group revenue of #443 billion, exceeding planning and reaching a historic high.

He further said that Julius Berger has continued to set the benchmark for reliable and high-quality engineering and construction services, through which the positive impact of its operations has been felt across the country.

In the reporting year, he continued, we have commissioned the Second River Niger Bridge Main Contract and Temporary Access Road, as well as the Abuja-Kaduna-Zaria-Kano Road Sections 2 and 3 – both projects of national priority. We have completed key projects including the Lagos-Shagamu Expressway projects for the Office of the National Security Adviser, and the State House Clinic in Abuja – while progressing other significant works.

Mr. Mutiu said in parallel, the company has acquired strategic projects, such as the Port Harcourt Ring Road as well as expanding its footprint into both Delta and Abia States, thus extending its operations into new territories and furthering positive impact in the South-South and South- East zones. The Board chairman also said that the same outcome played out in its various subsidiaries that have continued to perform with excellence, in line with their individual strategic targets.

Julius Berger International GmbH he also said, has continued to progress its growth aspirations in solidifying the Julius Berger brand within the German construction industry, saying that, it has achieved a larger share of technical services with external customers than that within the Group, opened its first regional office in the Ahr Valley, and enlarged its workforce and therefore its expertise -all while increasing revenue, implementing its sustainable design-and-engineering strategy and achieving an Eco Vadis silver rating recertification for excellent environmental, social and governance (ESG) management.

Furthermore, the chairman said, within the Julius Berger Group, diversification has remained high on the agenda – both in regard to risk management and as a driver of sustainable growth providing opportunities to increase our impact and reach beyond construction and beyond Nigeria. Thus, in line with regional expansion targets of the company, a Julius Berger branch office has been opened in Cotonou, Benin Republic, with road rehabilitation contracts already underway.

ahead, he said, maintaining the strong brand, financial resilience and culture of excellence remains central to corporate goals, adding that, with our renewed vision and with our mission and values as guiding principles, together with our business strategy and operational frameworks, we remain determined to achieve the growth of our Group, no matter the challenge.

Sunmonu then declared that notwithstanding the colossal hurdles the company will need to overcome, it will maintain its position as a leader within Nigeria’s corporate landscape, while expanding its reach and impact through existing Group activities and through well-defined diversification agenda.

Speaking in the same light, the Managing Director, Engr. Dr. Lars Richter said the company will continue to prevail as a partner for progress inspite of the challenging operating environment.

In his speech at the august event, the Managing Director gave shareholders of the company’s activities in 2023 stressing that issues like inflation, currency devaluation, insufficient funding of major projects among others constituted challenges the company had to cope with.

He said, that though Julius Berger is very familiar with challenges, the challenges right now have been exceptionally difficult adding however that, with greater challenges come greater zeal to thrive for the company and the country, Nigeria.

We will continue to evolve business continuity measures while adjusting to the challenges in the operating environment, he said.

In the foregoing context, the Managing Director said subsidiaries in the Group are not left out even as diversification remains a key tactic of doing business well, mentioning the launching of Julius Berger, Cotonou, Benin Republic to buttress his position just as he gave a low down on some projects being constructed by the company in Lagos, Abia, Delta and Rivers States.

The Managing Director then declared: the challenges may be unprecedented, may tough; but there is no doubt that Julius Berger will continue to prevail as a partner for progress.

ShareTweetSendShareShare
Previous Post

Revealed: How Emefiele Approved Contracts, Payments for Wife, Brother-in-law

Next Post

GFIIA 2024: HEDA Calls for Nominations for the 7th Edition of Gani Fawehinmi Impact and Integrity Awards

Related Posts

FirstBank Wins Gold for Best Corporate University in Social & Climate Change Impact
BANKING

FirstBank Wins Gold for Best Corporate University in Social & Climate Change Impact

June 26, 2025
Alleged N110b Fraud: Court Adjourns Yahaya Bello’s Trial to July 8
JUDICIARY

Alleged N110b Fraud: Court Adjourns Yahaya Bello’s Trial to July 8

June 26, 2025
BANKING

Fidelity MD, Onyeali-Ikpe Urges Women to Embrace Lifelong Learning and Collaboration for Career Success

June 22, 2025
Foreign

WEST AFRICA MUST TURN DEMOGRAPHIC STRENGTH AND MINERAL WEALTH INTO JOBS AND INDUSTRY, SAYS TINUBU

June 21, 2025
Foreign

NIGERIA, BENIN SIGN INTEGRATION AGREEMENT AS PRESIDENTS TINUBU, TALON LEAD CALL FOR REGIONAL REFORMS

June 21, 2025
Foreign

GLOBAL ECONOMY WILL NOT WAIT FOR WEST AFRICA TO GET ITS ACT TOGETHER – TINUBU TELLS ECOWAS

June 21, 2025
Next Post

GFIIA 2024: HEDA Calls for Nominations for the 7th Edition of Gani Fawehinmi Impact and Integrity Awards

RECOMMENDED NEWS

OSINBAJO SUGGESTS CREATION OF FORUM OF RELIGIOUS LEADERS AS MUSLIM LEADERS VISIT HIM IN VILLA

3 years ago

OWO TERROR: YORUBA CAN’T BE SLAVES IN OUR OWN LAND – AKEREDOLU

3 years ago

ASUU STRIKE: TINUBU  ORDERS RELEASE OF FOUR MONTHS WITHHELD SALARY

2 years ago

Diaspora Group Endorses Akpabio as Senate President

2 years ago

FOLLOW US

POPULAR NEWS

  • TAU Students Win Big   at National Innovation Challenge

    TAU Students Win Big   at National Innovation Challenge

    0 shares
    Share 0 Tweet 0
  • Troops Foil Deadly Terrorist Attack In Niger State, Lose 17 Soldiers

    0 shares
    Share 0 Tweet 0
  • ADEBAYO HELD ALOFT THE BANNER OF THE UPN, LED BY OBAFEMI AWOLOWO, TINUBU PENS TRIBUTE TO A TRUE STATESMAN

    0 shares
    Share 0 Tweet 0
  • TINUBU SIGNS  FOUR TAX BILLS INTO LAW TO TRANSFORM FISCAL, REVENUE FRAMEWORK

    0 shares
    Share 0 Tweet 0
  • INEC Receives Applications To Register Obidients People’s Party (OPP), 109 Other Political Parties Registration

    0 shares
    Share 0 Tweet 0
Newsroom Nigeria

This independent, liberal online news platform aims to inform citizens about important issues. NEWSROOM NIGERIA covers political, business, economic, national, and international news. They are committed to journalism ethics and hold the government accountable.

  • About
  • Advertise
  • Careers
  • Contact

© 2025 Newsroom Nigeria - Designed by Semasir Connect.

No Result
View All Result
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life

© 2025 Newsroom Nigeria - Designed by Semasir Connect.