By Opeyemi Issa InvestAdvocate
Lagos (INVESTADVOCATE)-Construction Giants Julius Berger Nigeria Plc Friday offered investors of the Company a N2.40 Kobo dividend for its 2011 Audited Year End December 31 2011.
From the Result Announcement released at the Nigerian Stock Exchange (NSE) in Lagos Nigeria and obtained by www.investadvocateng.com, the N2.40 Kobo proposed dividend payout to shareholders of the Company in 2011 end is a 20 percent (20%) increase compared to N2.00 paid in 2010 end.
Julius Berger Nigeria affirmed in its Corporate Actions to the NSE that closure of Register of Shareholders to benefit from the N2.40 Kobo dividend increase for year 2011 end is 4th-8th June 2012.
While payment date has been scheduled for June 22 2012 after its Annual General Meeting (AGM) for June 21 2012 in Abuja Nigeria.
A review of the Audited Report for the period ended December 31 2011 shows that Profit After Tax (PAT) rose by 73.8% as the Company posted N4.874 billion in 2011 end compared to N2.804 billion recorded in year 2010.
Also, Profit Before Tax (PBT) grew from N8.014 billion in year 2010 end compared to N10.395 billion in the review period of year 2011; indicating a growth of 29.7%.
However, Turnover dropped slightly from N173.690 billion in year 2010 end to N169.413 billion in the review period of year 2011; representing a drop of 2.5%.
