BusinessJulius Berger AGM: Shareholders Approve N2.50k Per Share Dividends

Julius Berger AGM: Shareholders Approve N2.50k Per Share Dividends


June 18, (THEWILL) – With strong standing in the 2021 Financial Year, shareholders of Julius Berger Nigeria Plc has approved a N2.50k per share dividends.

The approval was made at the 52nd Annual General Meeting (AGM) of the company on Saturday in Abuja, Federal Capital Territory (FCT).

Speaking at the meeting, Chairman, Mr. Mutiu Sunmonu, CON said that though the company had challenges in the 2021 financial year, it excelled and overcame the challenges by dint of hard work and unflinching commitment to success on the part of the management and staff of the company.

Mr. Sunmonu also presented the Consolidated Financial Statements of the year under review saying that within the period, Julius Berger Nigeria Plc performed positively despite the numerous macro-economic hiccups which affected businesses during the year.

He added that the company achieved exceptional financial performance, meeting targets for both revenue and cash flow.

“One for those challenges, of course is COVID-19, which remains ever present in our personal and professional lives – with prolonged consequences. Unfortunately, we are unable to put this virus behind us just yet,” the Chairman said.

In his own remarks to shareholders at the AGM, the Managing Director, Engr. Dr Lars Richter built on the Chairman’s earlier remarks saying that the three pillars of Julius Berger’s business strategy, “the core business, group subsidiaries and diversification” have remained central to all operations even as he shared an update on the company’s sustainability and inclusivity efforts, as well as on the company’s outlook for 2022 and beyond.

The Managing Director firmly declared that “Julius Berger continues to stand strong, our values are firmly in place and our reputation for reliable and quality delivery remains unmatched…. And within our core business we continue to realize meaningful progress across our portfolio of projects as a foundation for our continued success and growth.”

On the business trajectory of the company, Richter said Julius Berger continues to acquire new projects for major clients such as the Nigerian National Petroleum Corporation, Lagos and Port Harcourt State, the Federal Ministry of Works & Housing and the Central Bank of Nigeria.

Richter also celebrated Julius Berger’s achievement with regard to the company’s recertification of its Quality Management in accordance with ISO 9001:2015.

On the performance of the company in 2021, the Managing Director said that, as a group, Julius Berger has achieved an overall exceptional financial performance in 2021 ”meeting targets for both revenue and cash flow; enabling the company to extend a dividend payment to you, our loyal shareholders.”

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