Finance
Julius Berger Grows Profit to N8.7bn in 2019
- Julius Berger Grows Profit to N8.7bn in 2019
Julius Berger generated revenue of N266.430 billion in the financial year ended December 31, 2019.
In the financial results released through the Nigerian Stock Exchange (NSE), the company cost of sales rose from N142.609 billion recorded in 2018 to N206.310 billion in 2019.
Julius Berger grew gross profit from N52.008 billion filed in 2018 to N60.119 billion in 2019 while operating profit jumped from N12.087 billion in 2018 to N19.984 billion in 2019.
Also, the company grew profit before tax to N13.918 billion, up from N10.197 billion recorded in 2018. Income tax expense surged from N4.095 billion to N5.159 billion in 2019.
Accordingly, profit after tax rose from N6.101 achieved in 2018 to N8.759 billion in 2019.