Julius Berger Nigeria : Pays Out N4B Dividend at N2.50 per 50 Kobo Share to Appreciative…

Leading engineering construction company, Julius Berger Nigeria Plc has made a total gross dividend payout of N4billion to shareholders. At its 53rd Annual General Meeting held at the Shehu Musa Yar'Adua Centre, Abuja, Chairman of the Board, Mr. Mutiu Sunmonu, CON, announced that the Board of Directors is pleased to recommend a dividend of N2.50 per 50 kobo ordinary share resulting in a total dividend payout of N4billion. Sunmonu spoke just as the Managing Director of the company, Engr. Dr. Lars Richter, with a well-founded business forecast, declared that the future holds far better prospects for Julius Berger.

According to Sunmonu, though the Julius Berger Group's financial results continue to be heavily affected by rising inflation and persistent exchange rate pressure amid hard-hitting foreign exchange shortages, "as a result of intensive cost reduction programmes implemented throughout the Group, the company has achieved positive results across all its operating entities, while sustaining commitment to excellence."
Adding that year after year, the foregoing remains quite commendable considering the ongoing challenges. "Julius Berger Nigeria Plc and all its subsidiaries continue to prove that our Group has the skills, resources and strategic framework to find success, no matter the challenge", said Sunmonu.

According to the Chairman, across the Group, Julius Berger Nigeria Plc continued to develop progressively in the year under review toward key objectives. For instance, he added, while surpassing targets for both turnover and profit, a subsidiary, PrimeTech Design and Engineering Nigeria Limited expanded its Head Office Building, as a means to extend its service offering and elevate the Group's delivery of domestic design and engineering solutions.