Leading Nigerian construction engineering giant, Julius Berger Plc, has announced a total gross dividend payout of N5.2 billion to shareholders, amounting to N3.25 per 50 kobo ordinary share.
Chairman Board of Directors of bourgeoning company, Engr. Goni Sheikh, made the announcement in his address at the well-attended company’s annual general meeting (AGM) held inside the Shehu Musa Yar’Adua Centre, Abuja, Thursday, last week.
Engr Sheikh, however, said the Julius Berger group’s 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.
He also said, “With Julius Berger’s dedication to efficiency, the strength of our strategic partnerships and our unrelenting hard work, we will continue to remain resilient amidst the numerous challenges faced, maintaining our industry leadership and delivering on our commitments satisfactorily.”
Sheikh highlighted that the foundational ethos of “safety first” at JuliusBerger is a key pillar of the company’s operational efficiency, saying, “this culture has effectively reduced risks and improved productivity, allowing the Julius Berger Group keep workplace incidents at a minimum.”
He shared that a revamped Health, Safety, and Environment (HSE) strategy has been established, focused on obtaining ISO 45001 certification for our Safety Management System and ISO 14001 certification for our Environmental Management System.
He further said that Julius Berger Nigeria Plc can count 2024 as another year of significant achievements, adding that, “We met our revenue and profitability targets, reinforcing our financial strength despite macroeconomic headwinds, and meeting performance targets across our portfolio.”
Managing Director of Julius Berger Nigeria Plc, Engr. Dr. Peer Lubasch, said since he assumed office months ago, the company is successfully navigating the headwinds of challenges in its line of duty.