Julius Berger Nigeria reports 11% profit increase for period ended December 2022

Julius Berger Nigeria Plc has released its unaudited financial report for the period ended December 31st, reporting a profit after tax of N9.45 billion.

This represents an 11% increase from the N8.34 billion which the company reported during the same period in 2021.

Key details of the unaudited financial report are summarized below.

Revenue

• December 2022: N440 billion
• December 2021: N338 billion
• Change: +23%

Gross profit

• December 2022: N68.5 billion
• December 2021: N66.4 billion
• Change: +3%

Total operating profit

• December 2022: N21.2 billion
• December 2021: N22.6 billion
• Change: -6.7%

Pre-tax profit

• December 2022: N15.4 billion
• December 2021: N14.1 billion
• Change: +8.5%

Net Profit after tax

• December 2022: N9.45 million
• December 2021: N8.34 million
• Change: +11.7%