• Business - Market Data
  • Updated: March 17, 2020

Julius Berger Declares N3.6bn Dividend, Bonus Share

Julius Berger Declares N3.6bn Dividend, Bonus Share


Julius Berger Nigeria declares N3.6billion dividend and bonus shares to shareholders for the financial year ended December 31, 2019.

The company is expected to pay a cash dividend of N3.63 billion which is approximately N2.75 per share compared to N2.64 billion paid in the previous year.

In addition to the cash dividend, the directors have recommended a bonus issue of one new share for every five already held by shareholders.

Details of the performance showed that Julius Berger Nigeria reads thus; a revenue of N266.43 billion, showing an increase of 36.8% compared with N194.62 billion in 2018, Cost of sales rose from N142 billion to N206 billion, while gross profit stood at N60.119 billion, up from N52.01 billion. 

Similarly, Marketing expenses rose from N126.806 billion to N139.683 billion, Financing cost jumped 55% to N7 billion, from N4.5 billion in 2018 and ended the year with profit before tax of N13.918 billion, indicating an increase of 36%from N10.197 billion in 2018 and the Profit after tax grew from N6.102 billion to N8.759 billion in 2018.

Also, trading at the stock market closed negatively as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) went down by 0.12% to close at 22,705.19, while market capitalization shed N15.1 billion to be at N11.8 trillion.

Recording the decline, the volume and value traded fell 24.7% and 43.7% to 551.5 million shares and N5.8 billion respectively. 

The top traded stocks by volume were Guaranty Trust Bank Plc (137.2 million shares), FBN Holdings Plc (135.3 million shares) and Zenith Bank Plc (133.2 million shares) while GTBank (N2.6 billion), Zenith Bank (N1.7 billion) and FBN Holdings (N518.3 million) were the top traded stocks by value.

The price losers’ table was led by Transcorp Plc with 10%, trailed by Jaiz Bank Plc with 9.3%. WAPIC Insurance Plc shed 7.4% just as FBN Holdings Plc and FCMB Group Plc dipped by 7.0%.

Also, Courtville Business Solutions Plc, LASACO Assurance Plc, Niger Insurance Plc, United Capital Plc, Union Bank of Nigeria Plc and University Press Plc gained 10% apiece.

rating each sector by performance, the NSE Insurance Index led the gainers with a 1.3%, trailed by the NSE Banking Index rose 0.6%. 

Finally, the NSE Industrial Goods Index dropped by 0.5% while the NSE Consumer Goods Index lost 0.1%.

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