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 Business

JULIUS BERGER EARNS N338.8 BILLION, PROPOSES N4 BILLION GROSS DIVIDEND PAY-OUT

Julius Berger Nigeria Plc is a leading Nigerian company offering holistic services covering the planning, design, engineering, construction, operation and maintenance of buildings, infrastructure and industry projects

Newsroom Nigeria by Newsroom Nigeria
April 6, 2022
in Business
Reading Time: 2 mins read
0
SHARES
Share on FacebookShare on Twitter

Despite numerous challenges in the last financial year, with due regard to the ongoing FX scarcity and current global supply chain constraints, both consequences of the COVID-19 pandemic and the ongoing Russia-Ukraine conflict, Julius Berger Nigeria Plc, Nigeria’s engineering construction industry leader, continues to perform brilliantly and has achieved exceptional financial performance in the year ended December 31, 2021.

The  result includes and evidences vast improvements in terms of revenue accruals, cash flow stability and positive result for shareholders.

Related posts

Change of Baton: Ojulari Takes over from Kyari, Pledges to Consolidate Successes of Predecessor

April 4, 2025

Barrister Neya Kalu Continues to Redefine Elegance in Nigeria.

November 5, 2024

The construction company recently announced the results of its consolidated audited financial statements for the year stating that the Group’s revenue grew from N241.8 billion in 2020 to N338.8 billion in 2021, representing an increase of 40%.

“The rise in revenue underlines the strong position of Julius Berger Nigeria Plc within the construction industry and its ability to execute its projects at an excellent pace and to the satisfaction of its clients,” the company said.

As a further boost to the top-line growth, the Group increased its Profit Before Taxation from N3.9 billion in 2020 to N14.2 billion in 2021 while the Profit After Taxation rose from N1.2 billion to N8.3 billion in the year under review.

Following the commendable financial result and positive cash status for the year ended December 31, 2021, the company’s Board of Directors recommend a dividend of N2.50K per 50K share, resulting in a total gross dividend pay-out of N4 billion.

Highlights of the results show that Julius Berger Nigeria’s revenue grew by 40% to N338.81 billion with Operating Profit rising by 81% to 22.67 billion. Also Earnings Before Interests and Taxes, EBIT margin improved by 154 bps while Finance Cost grew by 14% relative to Revenue Growth (40%) just as the company’s Net cash position improved by 168% to N41.42 billion. The net favourable effect is that, it can be noted that 2021 was a successful business year, and the company was able to return to its 2019 growth path despite the difficulties of the year 2020 given the disruptions occasioned by the COVID-19 pandemic

Deriving from Julius Berger’s impressively successful financial year 2021 results, analysts across the market spectrum are positively upbeat and unanimous in opinion that the Julius Berger Group is well prepared for any new or potential headwinds that may result from a combination of both ongoing supply-chain impediments arising from the COVID-19 pandemic, and multiplier effects of the Russia-Ukraine conflict.

Julius Berger Nigeria Plc is a leading Nigerian company offering holistic services covering the planning, design, engineering, construction, operation and maintenance of buildings, infrastructure and industry projects in Nigeria. Since its pioneer project in 1965, Julius Berger has played a pivotal role in the development of Nigeria’s industrial and civil infrastructure. The company specialises in executing complex works requiring the highest level of technical expertise and Nigeria-specific know how.

ShareTweetSendShareShare
Previous Post

2023: I HAVE THE CAPACITY TO SERVE AND SAVE NIGERIA – WIKE

Next Post

Queen of Drug Cartel, Cross-Border Trafficker Arrested in Taraba, Adamawa

Related Posts

Business

Change of Baton: Ojulari Takes over from Kyari, Pledges to Consolidate Successes of Predecessor

April 4, 2025
Business

Barrister Neya Kalu Continues to Redefine Elegance in Nigeria.

November 5, 2024
Business

FUEL IMPORT: DANGOTE RESPONDS TO IPMAN, OTHERS

November 5, 2024
Business

Federal Ministry of Communications, Innovation & Digital Economy Announce N2.8billion Google support to Advance AI Talent Development in Nigeria

October 31, 2024
Business

Caring Habitat’s Medical Director Calls for Establishment of More Rehab Hospitals 

October 29, 2024
Business

Bresson 180Bn naira Magboro Power plant kicks off, Signs Power Purchase Agreement with IBEDC.

October 28, 2024
Next Post

Queen of Drug Cartel, Cross-Border Trafficker Arrested in Taraba, Adamawa

RECOMMENDED NEWS

APC SAYS SUSPENSION OF NATIONAL CHAIRMAN IS FAKE NEWS

1 year ago

LAGOS, FG FIGHT OVER SALE OF TBS, 25 KEY ASSETS

3 years ago

IGP Orders Probe Of Portable Over One Million Boys Rant

3 years ago

WEMA BANK CONCLUDES FIRST TRANCHE OF CAPITAL RAISE PROGRAMME

1 year 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.