By Alex C
Julius Berger Nigeria Plc recorded a turnover of N47.690billion in the first quarter of 2014, a 20.29 percent rise when compared to N39.646bn it posted in the same period of 2013. The construction giant made a Profit After Tax of N1.311billion in the three months ended March 31, its unaudited consolidated financial statements for the period revealed.
The figure represents an 18 percent rise on the N1.246bn it posted for the same period of 2013. The PBT figures grew by 5.21 percent, rising from N2.197billion in Q1 2013 to N2.599billion in Q1 2014.
The company’s gross earnings grew by 120 percent to N9.764bn in the three-month period under review, from N4.439bn in the same period of last year, while its earnings per share was up by 1.8 per cent to N1.13 from the N1.11 in Q1 2013.
Julius Berger also declared a bonus of one share for every 10 ordinary share of 50 kobo each held in the financial year ended December 31, 2013. The company notified the Nigerian Stock Exchange (NSE) that the bonus was in addition to the N2.70 dividend declared by its board of directors for the 2013 financial year.
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