Julius Berger Rakes in N43.27bn in Q4
Julius Berger Nigeria Plc raked in N43.27bn from road construction in Nigeria between October and December 2019.
The company’s financial statement, which was filed at the Nigerian Stock Exchange, showed that in the period under review, the company generated total revenue of N72.29bn, of which N69.38bn was from construction activities in Nigeria and N2.91bn from construction activities in Europe and Asia
Of the N69.38bn generated from Nigeria, N43.27bn was from government-awarded contracts.
The company gave the breakdown of the N43.27bn to include N24.66bn from its civil work, N14.71bn from its building work and N3.89bn from its services.
From the private sector, the company generated N26.11bn in the period under review, of which N16.54bn was from civil work, N9.87bn from building work and N2.61bn from services rendered.
For the full year 2019, the company reported total revenue of N264.56bn, an increase of 35.94 per cent from the N194.62bn recorded in 2018.
It said N260bn was from construction activities in Nigeria while N4.55bn was from Europe and Asia.
It gave the breakdown of the N260bn to include N150.80bn in civil work, N89.95bn in building work and N23.81bn from services rendered.
Julius Berger also reported a profit before tax of N14.68bn, compared with the N10.20bn recorded in the corresponding period of 2018. It generated a profit after tax of N10.30bn in 2019, an increase of 68.85 per cent from the N6.10bn recorded in 2018.