Julius Berger Nigeria Plc reported her financial year 2017 results to the market recently.
The results show that revenue and net income were grown by 2.08% and 29.5% respectively.Due to relative stability in the FX market in the period covered, exchange rate losses dropped by 77.2% and helped free up income.The company’s net income was aided by extraordinary items (profit from sales of properties, plants, and equipment).Julius Berger gear ratio is low and shows that there is a greater prospect for the firm to take advantage of core capital to improve on her working capital going forward.A dividend of 100 kobo has been proposed to shareholders. This translates to a dividend yield of 4.03%
source:toptipz.com.ng
