Proshare Logo
   Market Date: 26-11-2014   
Agriculture ARTS FINANCE All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Commodities Corporate Earnings Daily & Weekly Market Updates Enterpreneurship ETFs Forex Frauds & Scandals General Global Market Insurance Investors NewsBeat Islamic Finance Mergers & Aquisitions Money Market Mortgage Mutual Funds Nigeria Economy Oil Sector Opinions and Analysis Pensions People Personal Finance Politics Power Products & Services Professionals Property Public Offers Private Placements Regulators REITs Stock PICKS Taxation Telcos Travel & Tours Unlisted OTC MARKET World of Business

JBerger shareholders take biggest dividend in 6yrs

Category: Daily & Weekly Market Updates


  Read (1450)
JBerger shareholders take biggest dividend in 6yrs

June 25, 2006

 

 

 

Directors of Julius Berger Nigeria Plc have declared an all time high dividend of 70kobo per share for their shareholders. It is the benefit of their investment in the company for the financial year ended December 31, 2005. The return on investment (ROI) for the reviewed financial year was 180 per cent higher than the 25 kobo per share dividend paid to the investors in the preceding financial year ended December 31, 2004.


The upward swing in return commenced in 2004 after a sloppy trend which persisted from December 31, 2001 till December 31, 2003.


The construction company in the reviewed period ended December 31, 2005 recorded a significant increase in business which imparted positively on its turnover. The turnover figure presented to investors and stakeholders in the Nigerian Stock Exchange (NSE) was N40.8billion representing increase of 38.3 per cent compared with N29.5billion in the corresponding period of 2004. Profit after tax (PAT) recorded a significant growth at N626.9million representing increase of 354 per cent compared with N137.4 million in December 31, 2004.


Profit margin of the company as a result of the increase in net profit inched higher by 1.07 percentage points from 0.46 per cent in 2004 to 1.53 per cent in 2005.

It implies that the company is becoming more prudent in cutting cost and increasing profit for investor as 153kobo out of every  N100 revenue generated in the year was converted to profit as against to only 46kobo the preceding year.

Meanwhile capital market experts have attributed the favourable financial results in the reviewed period to the current boom in the construction sector. The same was applicable to the building material sector where Cement producers also got their share of the show.

Experts said shareholders of the company may likely get a better dividend at the end of the ongoing financial year ending December 31, 2006, noting that the boom would likely linger on for a time.



Tags: , 



Comment With Your Facebook or Yahoo! ID


Latest news


News on Daily & Weekly Market Updates

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Newsletter
Contact Us
Volunteer Program
Message from CEO
Resources

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
WebTV
Training Portal
Events Calendar
NewsStands - Online Reputation

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

#1minNews
News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Newsletters
Discussion Forum
Policy

Subscriber Agreement
Privacy Policy
Data Policy
Disclaimer
Copyright Policy
Trademarks
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Training
Legal Support Services
Web/Technology Services
File a Complaint