Julius Berger Posts N5billion Profit Plunge

Construction firm, Julius Berger Nigeria Plc annual reports 2015 and financial statements released to the Nigerian Stock Exchange, NSE,  in Lagos indicated massive drop in 2015 profit.

Profit after tax of Julius Nigeria Berger Plc declined by N5.799 billion represented 70.39 per cent from N8.239 billion to end 2015 with N2.440 billion.

The firm’s  profit before tax also went down from N13.135 billion it made in 2014 to N6.499 billion in 2015. This is N6.634 billion translating to 50.51 per cent.

Julius Berger’s operating profit slumped by N7.067 billion or 37.43 per cent from N18.881 billion to end N11.814 billion.
It’s gross profit shrink by N17.160 billon, from N50.495 billion to end 2015 with N33.334 billion in 2015.

The revenue of Julius Berger dropped from N196.809 billion of 2014 financial year to N133.808 billion. The decline during the 2015 financial report was N63 billion accounted for 32.01 per cent.