By Richard ABANGWU InvestAdvocate

Lagos (INVESTADVOCATE)-Construction Giant Julius Berger Nigeria Plc proposed a N2.50 Kobo dividend to shareholders of the Company for its 2012 Audited Year End December 31 2011.

From the Result Announcement released at the Nigerian Stock Exchange (NSE) in Lagos Nigeria and made available to www.investadvocateng.com, the N2.50 proposed dividend payout to shareholders of the Company in 2011 end is a 4.2 percent (4.2%) increase compared to N2.40 paid in 2011 end.

Julius Berger Nigeria affirmed in its Corporate Actions to the NSE that Qualification Date is May 31 2013 and closure of Register of Shareholders to benefit from the N2.50 dividend in year 2012 end is June 03 to 05 2013.

While payment date has been scheduled for June 21, 2013 after its Annual General Meeting (AGM) scheduled for June 20 2013.

A review of the Audited Report for the period ended December 31 2012 shows that Profit After Tax (PAT) rose by 81.6% as the Company posted N8.012 billion in 2012 end compared to N4.411 billion recorded in year 2011 end.

Also, Profit Before Tax (PBT) grew from N9.933 billion in year 2011 end compared to N102.341 billion in the review period of year 2012; indicating a growth of 24.2%.

Similarly, Revenue increased from N169.143 billion in year 2011 end to N201.565 billion in the review period of year 2012; representing an increase of 19.0%.

Also, Gross Profit grew by 33.4% in year 2012 end as the Construction Giant recorded N44.838 billion in the review period compared to N33.624 billion in year 2011 end.