Julius Berger announces date of board meeting for approval of Q2 results
Oluwaseun Afolabi is Businessamlive Reporter.
You can contact him on afolabi.oluwaseun@businessamlive.com with stories and commentary.
Julius Berger Nigeria Plc. one of Nigeria’s leading construction companies, has announced that its board of directors, along with its audit committees, would meet on Wednesday, July 25, 2018, to consider and approve its second quarter 2018 results.
According to a notification to the Nigerian Stock Exchange and its shareholders, the company said July 12, 2018 to July 27, 2018, would form the close periods during which the company and its subsidiaries would take no part in equity deals and trade.
“In this period, all who receive the notice of closed period, who are considered “insider” in Julius Berger under the provision of the Company and Allied Matters Act, the rules and regulations of the Securities and Exchange Commission and the Nigerian Stock Exchange, are under restriction not to trade or deal in the equity of the company,” said the company in the statement signed by its secretary, Cecilia Madueke.
The notice also indicated that the general public would be informed of the board’s decisions immediately after the meeting.
Julius Berger declared a turnover of N35 billion in Q1 2018 and saw its profit after taxation grow to ₦1.5 billion. The company also recorded a profit before tax of ₦2.21 billion for the period ended March 2018, after declaring a loss before tax of ₦17.1 million for the period ended March 2017.