J’Berger pays N5.2bn gross dividend

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.
Lubasch said, “The broader socio-economic environment continues to present significant challenges shaped by a range of persistent and compounding pressures like currency devaluation, ongoing foreign exchange scarcity, escalating construction costs, surging inflation, increased fuel prices, high lending rates, global market uncertainties and domestic security concerns.

“The foregoing factors combined to create a tough and unpredictable business landscape, especially for the construction sector and Nigeria in particular, he added that in line with the company’s mission statement, we continue to transform these challenges into tangible opportunities.

On diversification, Lubasch said, “supported by our dedicated and skilled workforce, our unique operational structure and effective management, we will remain a future-ready, high-performing corporate organisation that clients continue to rely on, and shareholders continue to trust.”

 “As a company, we have continued to demonstrate resilience, navigating headwinds by adapting with an eye towards efficiency and sustainable growth. Lubasch said, adding that accordingly, the company achieved record-high revenue, expanded its asset base and maintained stability across both new and ongoing projects within the reporting year. As a company, we have continued to demonstrate resilience, navigating headwinds by adapting with an eye towards efficiency and sustainable growth. Accordingly, the company achieved record-high revenue, expanded its asset base and maintained stability across both new and ongoing projects within the reporting year.”