Julius Berger approves N4.8bn dividend for shareholders

Leading engineering construction company, Julius Berger Nigeria Plc is paying out a gross dividend of N4.8billion to shareholders even as the company is determined to maintain its position as a leader in corporate Nigeria.
At the company’s 54th Annual General Meeting, AGM held in Abuja yesterday, Chairman of the Board of Directors, Mr. Mutiu Sunmonu said, ‘though we have endured formidable challenges, our Company’s financial performance and resilience for the year 2023 was exceptional, resulting in yet another record-breaking year following the highly successful outcomes of 2022.’
Stressing that a greater scenario is projected to play out in the current financial year, the chairman disclosed that the Board of Directors is pleased to recommend a dividend of N3.00 per 50 Kobo ordinary share, resulting in a total gross dividend payout of N4.8 billion.”
He said the pressures were magnified by the 2023 general election lulls, administrative transition periods, and policy shifts at both the State and Federal levels, adding that,  thanks to forward-looking cost management, strong contracts management and unmatched efficiencies in procurement, our Company’s financial results have remained largely in line with planning, while earnings before taxes improved. Such positive outcomes were mirrored across our Group, in which rigorous management combined with excellent performance led to a Group revenue of #443 billion, exceeding planning and reaching a historic high.