Julius Berger Nigeria Plc has published its financial report for the first-half (H1) to June 30 with a record after tax loss of N1.55billion as against N2.83billion profit after tax (PAT) in H1’19.

Julius Berger Nigeria Plc is a leading Nigerian company offering holistic services covering the planning, design, engineering, construction, operation and maintenance of buildings, infrastructure and industry projects in Nigeria.

The company’s H1’20 scorecards released at the Nigerian Stock Exchange (NSE) show disappointing top-to-bottom line figures.

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Its H1’20 revenue decreased to N102.05billion from N131.7billion in H1’19, while gross profit stood lower at N18.63billion in H1’20 from N29.8billion in H1’19. Julius Berger reported loss before tax of N1.55billion in H1’20 from a profit before tax (PBT) of N4.56billion in H1’19.

The share price lost N1.05 (-6.16 percent) on Monday July 27 to N16 as investors moved to sell the stock in reaction to the scorecards. This year, the company’s share has lost about 15 percent of its value. Its earnings per share (EPS) decreased to N0.01 in H1’20 from N2.73 in H1’19.

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By Iheanyi Nwachukwu • July 27, 2020

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.

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