Don't Miss


Home   >   Market - Finance   >   Earnings   >   Earnings Forecast: Julius Berger places Q1, 2012 Turnover at N 37.85 billion

Earnings Forecast: Julius Berger places Q1, 2012 Turnover at N 37.85 billion

By on December 19, 2011

Julius Berger Plc has released its Q1, 2012 earnings forecast today on the floor of the Nigerian Stock Exchange. The construction company projects revenue by the end of March 2012 to be N 37.85 billion, 18% over the N 31.96 billion it actually earned over the same period last year.

Profit before tax is estimated to come in at N 2.08 billion, an increase of 25% over the N 1.66 billion it recorded last year.

Finally net income is forecasted by the construction giant at N 1.14 billion, also an increase of 25% from the N 914 million it recorded in Q1, 2011.

Julius Berger recently announced the formation of a new subsidiary, Julius Berger Medical Services Limited, a healthcare company. It is not certain if revenues from the new subsidiary are captured in the parent company’s revenue forecast, however we feel that this is unlikely at this time.

The company’s stock was trading at N 32.96 as at the close of the market last Friday. The value of the stock has depreciated just over 34% from the onset of the year.