June 17, 2015

Julius Berger Holds 45th Annual General Meeting

On June 17, 2015, Julius Berger Nigeria Plc (Julius Berger) held its 45th Annual General Meeting in Abuja, at the Shehu Yar’Adua Centre.


The Board of Directors and Executive Management presented Julius Berger’s consolidated financial statements, together with a year review and outlook to its shareholders.

While the group’s turnover fell from 212.7 Billion Naira in 2013 to 196.8 Billion Naira in 2014, the Julius
Berger group remained profitable - with an increase in Profit After Tax to 8.2 Billion Naira.

The Chairman of Julius Berger, AVM (Dr.) Mohammed Nurudeen Imam, CFR, addressed shareholders on
2014 performance and key accomplishments; he also shared insight on the difficulties the company faced,
as a result of the economic situation in Nigeria. The Chairman elaborated that Julius Berger’s positive
performance was made possible through proactive mitigation measures.

The Managing Director, Engr. Detlev Lubasch, presented a general review of Julius Berger’s operations
over the past financial year, together with a summary of the current business environment and
implications for Julius Berger - focusing on strategies and goals for the immediate to mid-term future of the
company. Key strategies presented included ongoing diversification, with the specific target of
strengthening the company’s presence in the power sector by enhancing its position as an Engineering,
Procurement & Construction (EPC) Contractor for power and related projects. Engr. Lubasch went on to
state that Julius Berger continues to be equipped to respond positively to the opportunities and challenges
of its operating environment.

 

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, the continuous investment in staff training and strong
partnership with clients. Quality, integrity, 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.


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