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Julius Berger Records 173% Increase In Profit Before Tax Ikeja

Posted by Sunmola Olalekan Private Ikeja
Price: NGN 10
Julius Berger Nigeria Plc financial report for 2018 has shown an impressive performance in its revenue generation, taxes and returns to shareholders. Details of the company’s outing announced by the financial director, Mr. Martin Brack, showed that the Group’s revenue in 2018 increased by 37 per cent and profit – before- tax rose by 173 per cent, while the total comprehensive income increased by 47 per cent.
Brack told the business community at the company’s Investors’ Forum in Lagos that earnings per share increased by 47 per cent, while the shareholders’ equity rose to N35 billion during the year. Also, the company’s managing director, Dr. Lars Richter, told the forum that the progress Julius Berger had made at the Second Niger Bridge reflected its continued commitment to the timely completion of the project.

Source: Leadership

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