By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE) – Construction giant, Julius Berger Nigeria Plc on Friday declared a dividend of N2.70 kobo and a bonus of 1 ordinary share for every 10 ordinary shares of 50 kobo each held by investors of the company.

The Nigerian construction giant in a notice to the Nigerian stock exchange (NSE) said the bonus shares will rank parri passu in all respects with the existing ordinary shares of the company except that such shares shall not qualify for dividend recommended by the directors in respect of the year ended December 31, 2013.

Julius Berger Nigeria said in the case of the dividend, shareholders whose names appear in the register of members as at the close of business on May 30, 2014 will benefit from the bonus issue.

As earlier reported by InvestAdvocate, The company’s fourth quarter revenue climbed 15.5 percent (15.5%) in its 2013 audited year end as it declared N212.737 billion in 2013 compared to N184.212 billion in the same period of 2012.

Similarly, pre-tax profit grew from N12.341 billion in 2012 end to N16.220 billion in the review period of 2013; indicating a growth of 31.4%.

However, post-tax profit dropped from N8.012 billion in 2012 end to N7.853 billion in the 2013 audited year end; representing a drop in post-tax profit of -2.0%.