Julius Berger Plc 2016 Financial Summary
| 12 Months Report JULIUS BERGER PLC | ||||
| 2016 N'000 |
2015 N'000 |
change | Year End | |
| Revenue | 138,993,752 | 133,807,574 | 4% | December |
| Profit/Loss before taxation | -1,498,029 | 6,499,973 | -123% | |
| Total Comprehensive Income | 3,005,360 | 1,760,112 | 71% | |
| Issued Shares (Units) | 1,320,000,000 | 1,320,000,000 | ||
| Basic Earnings Per Shares (Kobo) | 228.00 | 133.00 | 71% | |
| Last total dividend paid (Kobo) | 0.00 | 150.00 | -100% |
Quarter on Quarter performance
Revenue PAT
N'000 N'000
Q1: #28,701,300 Q1: #95,075
Q2: (#9,566,600) Q2: (#210,253)
Q3: #75,186,800 Q3: (#3,206,737)
Q4: #44,672,252 Q4: #6,327,275
The construction company is a reflection of the Nigeria Economy. The late passage of the Budget and so much outstanding payment from the previous administration made matters worst for this sector. Government being the major customer of all this construction companies got its bearing during the third quarter of 2016 so the summary of the result.
Julius Berger maintained an average of #34.74billion in terms of revenue with Q2 terribly out of line. In terms of profit, it maintained an average of #751million with with Q2 and Q3 returning negative. The Q4 was also not far from that but for the Difference in Translating foreign operations that reversed the trend.
Although the Company grew by 4% but the loss on Foreign exchange acquisition of #14.23billion was too much to be absorbed by the revenue thereby resulting into a loss of #1.4billion before tax.
Julius berger did not declare any dividend for the 2016 Financial year end.
We hope the company would return to winning way, with the expectation that the 2017 Budget would be passed in record time and the implementation would start immediately.
But before then, let the Market price it. the Company closed at #41.95k on March 28, 2017 on the floor of the Nigerian Stock exchange.
The construction company is a reflection of the Nigeria Economy. The late passage of the Budget and so much outstanding payment from the previous administration made matters worst for this sector. Government being the major customer of all this construction companies got its bearing during the third quarter of 2016 so the summary of the result.
Julius Berger maintained an average of #34.74billion in terms of revenue with Q2 terribly out of line. In terms of profit, it maintained an average of #751million with with Q2 and Q3 returning negative. The Q4 was also not far from that but for the Difference in Translating foreign operations that reversed the trend.
Although the Company grew by 4% but the loss on Foreign exchange acquisition of #14.23billion was too much to be absorbed by the revenue thereby resulting into a loss of #1.4billion before tax.
Julius berger did not declare any dividend for the 2016 Financial year end.
We hope the company would return to winning way, with the expectation that the 2017 Budget would be passed in record time and the implementation would start immediately.
But before then, let the Market price it. the Company closed at #41.95k on March 28, 2017 on the floor of the Nigerian Stock exchange.
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