June 20, 2013
Julius Berger AGM Reconfirms Company’s Strong Performance
Julius Berger Nigeria Plc (Julius Berger) held its 43nd Annual General Meeting on June 20, 2013, in Abuja. The company’s Board of Directors and Executive Management presented the financial results and earnings of the year 2012.
In summary, turnover for the Julius Berger group of companies was 201.57 Billion Naira in 2012, an increase of 17.7% over the previous reporting year.
The Chairman of Julius Berger, AVM (Dr.) Mohammed Nurudeen Imam, CFR, addressed shareholders on performance and key accomplishments for 2012. Amongst other achievements, record milestones in Health, Safety and Environment and Corporate Social Responsibility were mentioned. Also highlighted were awards given to Julius Berger, including the African Society Merit Award in respect of the company’s contribution to the technological developments and economic growth of the Nigerian economy.
In 2012, the company’s Financial Reporting System transitioned to comply with the International Financial Reporting Standards (IFRS). This internationally accepted framework for financial reporting serves as a global language for business affairs, ensuring that company accounts are understandable and comparable across international boundaries. Additionally, 2011 and 2010 financial statements were translated to the IFRS to ensure accurate comparability.
Julius Berger Synopsis
Julius Berger Nigeria Plc is a Nigerian company offering integrated construction solutions. The company has been operating in Nigeria since 1965 and its scope covers all areas of construction. Julius Berger is dedicated to utilization of cutting-edge technologies and the long term training and education of its staff of 18,000 people. Integrity, transparency, safety and sustainability are the pillars of Julius Berger’s structures and behaviors. The company is committed to being a responsible corporate citizen and actively seeks out opportunities to make measurable differences in the future of people and communities. Key areas of focus include Health, Education and Sports.
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