Julius Berger Plc Pre-tax Profit Decline by 30.7 Percent in Q4, 2020

Julius Berger Plc posted a 30.65 percent decline in pre-tax profit to N5.12 billion for the final quarter of 2020.

In the financial statements released on Tuesday, the leading construction company, reported N74.04 billion in revenue in the fourth quarter, an increase of 2.43 percent when compared to N72.29 billion posted in the same period of 2019.

Julius Berger Key Financial Highlights Q4, 2020

• Nigeria’s revenue expanded by 4.21 percent year-on-year to N72.30 billion.
• While Europe & Asia revenue dipped by 40.07 percent year-on-year to N1.74 billion.
• Similarly, revenue from building works depreciated by 56.37 percent to N10.72 billion.
• However, revenue from civil works rose by 35.38 percent from the corresponding period to N55.8 billion.
• Services added N7.54 billion revenue, representing an increase of 15.84 percent year-on-year.
• Cost of sales grew by 13.19 percent year on year to N60.1 billion.
• Julius Berger recorded other gains/losses of N83.89 million.
• The construction company grew investment income to N142.79 million.
• Finance costs jumped by a whopping 388.99 percent year-on-year to N1.79 billion.
• Earnings Per Share rose by 19.76 percent year on year to N3.94.