Tag: Julius Berger Nigeria Plc

Julius Berger Nigeria Plc Audit Committee to meet on October 28 to ratify its Q3 2021 results.

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The Board Audit Committee of Julius Berger Nigeria Plc will meet on Thursday October 28, 2021 to consider the results of the company for the third quarter of the year ended September 30, 2021 (Q3, 2021).

This was disclosed by the firm in a notice signed by its secretary, Mrs Cecilia Madueke, and filed with the Nigerian Exchange Limited (NGX).

In light of the above, the company declared that it will be observing a closed period from October 1- October 29, 2021. The declaration of a closed period is in line with the provisions of the amended Rule 17.18(a) issued by the Nigerian Exchange Limited (NGX).

During the closed period, all insiders in Julius Berger such as its directors, managers, employees, etc., are under restriction not to trade or deal in the equity of the Company. The Closed Period shall remain until the 2021 Q3 Financials is released to the public.

Note that Julius Berger as used in this case refers to Julius Berger Nigeria Plc and all its subsidiaries.

 

Kindly find attached, a copy of the notice

Julius Berger Nigeria profit after tax surge by 346% to N4.76 billion in HY 2021.

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Julius Berger Nigeria Plc released its unaudited financial results for the period ended June 30, 2021.

  • Revenue for the period was N146.31 billion. (+43.4% YoY)
  • Cost of sales was N118.9 billion. (+42.6% YoY)
  • Administrative expenses totalled N17.8 billion. (+13% YoY)
  • An operating profit of N10.4 billion was recorded.
  • Profit after tax for the period was N4.76 billion. (+346.3% YoY)
  • Earnings per share of N3.01 Vs N0.01 YoY.

See link to results.

Neptune Hill Company Limited acquires additional 15.6m units of Julius Berger Nigeria shares worth N315.06m

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Neptune Hill Company Limited, a significant shareholder has announced the acquisition of an additional 15.6 million units of Julius Berger Nigeria Plc shares, worth N315.06 million.

This is according to a notification signed by one of the company’s Director, Goni M. Sheikh, and sent to the Nigerian Exchange Group Limited.

In accordance with the NSE policy on insider transactions, Neptune Hill Company Limited through the disclosure revealed that a total of 15,643,579 units of Julius Berger Nigeria shares were purchased at an average price of N20.14, grossing N315, 061,681.06. It is pertinent to note that the deal took place in Lagos between 5th of March -2nd of June, 2021.

Given its antecedents over the years, the recent deal might be an indication of a continuous optimism in the capacity of Julius Berger Nigeria to continue to deliver good returns to its shareholders and other stakeholders.

What you should know:

  • Neptune Hill Company Limited is a significant shareholder in Julius Berger Nigeria Plc. As at 31st of December 2020, the firm held about 261,360,000 units of the total issued shares of the company, translating to about 16.5% of the total shareholding.
  • Neptune Hill Company Limited is a Nigerian based construction and maintenance company. It was registered on 11th of September, 2018.

 

 

Julius Berger profit after tax surges by over 500% to N2.83 billion in Q1 2021

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Julius Berger Nigeria Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Revenue for the period was N71.2 billion. (+27.3% YoY)
  • Cost of sales was N58.2 billion. (+28.6% YoY)
  • Administrative expenses totalled N9.09 billion. (+0.8% YoY)
  • Operating profit of N5.15 billion. (+286.3% YoY)
  • Profit for the period was N2.83 billion. (+585.4% YoY)
  • Earnings per share of N1.52 Vs N0.72 YoY.

See link to results.

Julius Berger Nigeria Plc proposed final dividend of N633.6 million for shareholders.

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The Board of Directors of Julius Berger Nigeria Plc has proposed a final dividend of 40 kobo for every share of 50 kobo held by shareholders, amounting to a total of N633.6 million for the year ended 2020.

This is according to a disclosure signed by the company’s secretary, C.E Madueke, and sent to the Nigerian Stock Exchange.

According to the notice, dividends will be paid electronically to qualified shareholders’ on 18th of June, 2021. The qualified shareholders are those, whose names appear in the Register of Members as at the close of trading on 28th of May, 2021.  Other qualifying conditions are;

  • Shareholders must have completed the e-dividend registration.
  • In addition, shareholders must have mandated the Registrar (Greenwich Registrars and Data Solution Limited) to pay their dividend directly into their bank accounts.

On the other hand, the board of the company also proposed a bonus issue of one (1) new ordinary share for every ninety-nine (99) existing ordinary share held by shareholders.

What you should know:

  • The Bank is expected to discuss this proposed dividend in its Annual General Meeting scheduled to hold on 17th of June, 2021 at Shehu-Musa Yar’Adua center, Abuja.
  • The company had earlier reported a 72.2% surge in its Profit before tax YoY.
  • The company currently has 1,584,000,000 units of outstanding shares

For more information about the proposed dividend, click HERE