Julius Berger Profit Grew By 68.87% In 2019

Julius Berger Nigeria Plc profit after-tax reduction grew by 68.87% in one year making the company’s profit to be N10.3 billion as of December 31, 2019.

This was contained in the construction giant’s unaudited financial report, indicating a higher close off profit as to  N6.1 billion recorded in 2018.

According to the report the company had a total turnover of N264.56 billion indicating 35.94% rise when compared to N194.62 billion recorded in 2018.

A further breakdown shows that profit before tax grew by 44% to close at N14.68 billion away from the previous close of N10.2 billion.

For the period under review, the Earnings Per Share (EPS) of Julius Berger stood at N7.81, up by 69% from the previous EPS of N4.62. 

With reference to the share price of N20.15, the Price-Earning(P.E) ratio of the firm was 2.58x with an earnings yield of 38.76%.