By, PETER NOSAKHARE, Kaduna
At the Annual General Meeting (AGM) of the Julius Berger Plc, company on Wednesday, shareholders approved the payment of 202,876,413 Naira as dividends at the rate of 70 kobo per share as against the 40 kobo paid in the preceding year.
Shareholders also approved the appointment of Mrs Alaba Fagun as the Managing Director and Chief Executive Officer of the company.
Speaking on the floor of the AGM, a shareholder, Olowolafe Kehinde, said, “Despite the economic issue that is affecting us in this nation and also many companies’ operations, our revenue grew from 4.9 billion naira to 6. 9 billion Naira, representing a 28 per cent increase.”
Profit After Tax also grew from N135.6m to N208.6m, an increase of 53 per cent. When we look at all these indices, it shows the resilience, unwavering ability of the able board and management.”