Julius Berger

[dollars]

does anybody have an idea of JB projected dividend or bonuses for their next FYE.

[waaan5]

Originally Posted by dollars

does anybody have an idea of JB projected dividend or bonuses for their next FYE.

Many Nigerian companies are not that sophiscated - engaging in annual/quarterly projection dividends payouts and bonuses - except when they come to the market for fresh funds.

Julius Berger has not come for PO in recent times. So you can assume they do not have advice on future dividend payouts and bonuses.

[billions]

German Construction giants, Julius Berger Nigeria Limited says it is withdrawing from site in its section of the expansion of the East-West Road in the Niger Delta.

A top official of the company, who spoke in Abuja yesterday during an interactive session between four contractors handling the section one to four of the East-West Road and the Chairman, Senate Committee on Works, Senator Julius Ucha, said their decision to pull out was based on security threats.

“We just pulled out of site. We have to look for solutions on how to come back to the site. It is not our idea to abandon anything”, he said.

Julius Berger Nigeria Limited is handling the 100km section one of the East-West Road project at the cost of N87 billion.

The Chairman, Senate Committee on Works, Senator Julius Ucha, said because of Julius Berger’s history in the country, the company should have a rethink.

“If there is any firm that is supposed to take risk for Nigeria, Julius Berger should rank number one”, he said.

Other companies handling other sections of the expansion work on East-West Road such as Setraco Nigeria Limited, RCC Nigeria Limited and GZ Nigeria Limited, said in spite of the fact that they expend an average of N20-N35 million per month on security, they were not pulling out.

They, however, regretted that non-implementation of the 2008 budget was seriously affecting their cash flow and payments for jobs done so far.

[hispy99]

COMPANY RESULTS
TURNOVER PBT TAX PAT
N'000 N'000 N'000 N'000
30-Sep-08 9 Mths N69,504,000 N2,780,000 (N1,110,000) N1,670,000
30-Sep-07 9 Mths N49,650,000 N1,450,000 (N455,000) N995,000
39.99% 91.72% 67.84%

[billions]

Originally Posted by hispy99

COMPANY RESULTS
TURNOVER PBT TAX PAT
N'000 N'000 N'000 N'000
30-Sep-08 9 Mths N69,504,000 N2,780,000 (N1,110,000) N1,670,000
30-Sep-07 9 Mths N49,650,000 N1,450,000 (N455,000) N995,000
39.99% 91.72% 67.84%

This is very okay...over 700m naira was made in Q3 alone.

Note:Q2 PAT was abt 930m naira.

[billions]

JULIUS BERGER PLC
FORECAST PROFIT & LOSS FOR THE YEAR ENDED DECEMBER 31, 2008
PERIOD 2008
TURNOVER (N'b) 102.100
PBT (N'b) 4.050
TAX (N'b) -1.620
PAT (N'b) 2.430
Net Profit Margin 2.38%