Julius Berger Delivers Highest Dividend in 5Years to Shareholders
Chairman of the Board of Julius Berger Nigeria PLC, Mr. Mutiu Sunmonu, CON has said that though the company had challenges in the 2021 financial year, it excelled and overcame the challenges by dint of hard work and unflinching commitment to success on the part of the management and staff of the company.
He spoke just as the Managing Director, Engr Dr. Lars Richter disclosed that the company stood strong in the year under review even as the company’s shareholders approved a N2.50k per share dividend.
Speaking at the 52nd Annual General Meeting of the company Saturday in Abuja, the Chairman presented the Consolidated Financial Statements
of the year under review saying that within the period, Julius Berger Nigeria Plc performed positively despite the numerous macro-economic hiccups which affected businesses during the year. He added that the company achieved exceptional financial performance, meeting targets for both revenue and cash flow. “One for those challenges, of course is COVID-19, which remains ever present in our personal and professional lives – with prolonged consequences. Unfortunately, we are unable to put this virus behind us just yet,” the Chairman said.
However, the Chairman did not mince words in declaring that, “while 2021 was certainly a challenging year, more positively, it was also a dynamic and industrious year,” adding that, “within our core construction business, we made meaningful progress across our portfolio of private and public projects”. He listed the projects to include the International Worship Centre, Uyo, the Office of the National Security Adviser in Abuja, the Bodo-Bonny Road as well as infrastructure projects in Lagos state and in Rivers state, where Julius Berger have supported the State
Governments to achieve a remarkable infrastructure transformation within the year.” Specifically, Dr Richter also listed some successfully commissioned major projects to include the Bill & Melinda Gates Foundation office, several flyovers and civil infrastructural works in Port Harcourt; and the Rehabilitated Control Towers at Tincan Island and the Lagos Port Complex.