Shareholders of the giant construction company, Julius Berger Nigeria Plc are to receive N1.32 billion as cash dividend for the 2017 business year.
This translates to N1 dividend for shareholders on every share they held in the construction giant.
Julius Berger Nigeria announced the dividend recommendation at the weekend alongside its audited report and accounts for the year ended December 31, 2017.
The audited report, released at the Nigerian Stock Exchange (NSE), shows that the gross profit declined from N54.23 billion to N44.3 billion.
Operating profit halved from N16.79 billion in 2017 to close 2017 at N8.69 billion.
Profit after tax rose to N2.57 billion in 2017 as against loss after tax of N2.4 billion in 2016.
The group turnover rose marginally from N138.99 billion in 2016 to N141.89 billion in 2017.