Julius Berger Nigeria Plc has announced a total gross dividend payout of N5.2 bn at its 55th Annual General Meeting which was held recently.
In a statement by the company’s senior media relations officer, Emmanuel Isibor, the Chairman, of Julius Berger Nigeria Plc, Goni Sheikh, announced a total gross dividend payout of N5.2bn to shareholders amounting to N3.25 per 50 kobo ordinary share.
Sheikh said, “Julius Berger Group financial results continue to be heavily affected by persistent inflation, currency devaluation, and high lending rates which led to rising construction costs coupled with security challenges and unrest in certain parts of the country, the company will continue to mitigate risks and ensure steady operations.
“The foundational ethos of safety first at Julius Berger as a key pillar of the company’s operational efficiency, saying, this culture has effectively reduced risks and improved productivity, allowing the Julius Berger Group to keep workplace incidents at a minimum.
“The company is committed to further strengthening our dedication to HSE excellence for the benefit of all stakeholders. In 2024, we met our revenue and profitability targets, reinforcing our financial strength despite macroeconomic headwinds, and meeting performance targets across our portfolio.”
In his address, the Managing Director, Dr. Peer Lubasch, noted that since he assumed office months ago, the company has successfully navigated the headwinds of challenges in its line of duty.
