Julius Berger honours 647 workers for productivity
Julius Berger


Adebayo Obajemu

Julius Berger Nigeria Plc is a leading Nigerian company offering holistic services covering the planning, design, engineering, construction, operation and maintenance of buildings, infrastructure and industry projects in Nigeria.

The success history of the firm together with the shared values that define its culture and way of working gives its clients the confidence to trust the company with their most demanding projects. In terms of operating sustainability, the company adheres to the highest standards for quality and safety. To maintain excellence in construction, Julius Berger stay at the forefront of the industry, continuously building on her robust experience and strong technical expertise through development and innovation for the creation of long-term value for stakeholders.

Julius Berger marked its 50th anniversary this year. Over the years of operations in Nigeria, the firm has been consistent with Corporate Social Responsibility to its host community. In commemoration of its 50th anniversary, the company recently built and hosted Federation of Construction Industry (FOCI) and Deutsce Gescellschaft fur Internationale Zusammenarbeit GmbH (GIZ) for operation of pioneer artisanal Skills Academy in Abuja.

The Managing Director of Julius Berger Nigeria Plc, Engr. Dr Lars Richter, described it as a celebratory pride for the nation’s leading engineering construction company to participate in the great initiative to build and host the pioneer Federation of Construction Industry (FOCI) artisanal skills development academy in Abuja the Federal Capital Territory.

According to Richter, the Academy building, when completed, will house two Carpentry training workshops of 348 m2 each; two Masonry training workshops of 348 m2 each; one Plumbing training workshop of 348 m2; one Welding training workshop of 348 m2; and ancillary facilities, such as offices, kitchen, first aid area and canteen.

Richter who has since positively established an uncommon managerial reputation in the industry for seeking all feasible and productive means to work and preserve the jobs, careers and means of livelihood of workers even in the face of the novel challenges and existential threat the construction industry encountered sequel to the advent and onslaught of the Covid-19 pandemic, said that the FOCI-JBN Academy will not only improve the construction industry in Nigeria, but that it will also help “to advance the livelihood of those individuals working across various trades, advancing their skills and confidence for the benefit of their long-term careers”.

During the lockdown caused by Covid-19 pandemic, Julius Berger contributed immensely in the fight against the viral infection through donations of palliatives which include healthcare facilities, food items and other consumables to host communities.

The share price of Julius Berger is currently N17.55 with a year high of N22.92 and a year low of 14.90. It is trading 17.79% above its 52 weeks low of N14.90 and 23.43% away from its 52 weeks high of N22.92. A position in the share price of Julius Berger has an uptrend potential of 23.43 %.

Going by its book value of N24.59, against its share price of N17.55, it could be said the share price of Julius Berger is undervalued. At that, there is growth potential in the share price of Julius Berger.

Despite the challenging year, Julius Berger declared a turnover of N168 billion for the period ended, 30 September 2020. The impact of Covid-19 pandemic was felt on the bottom line figures of the construction giant as lockdown affected business operations across the country. This is not out of place as most organization were not spared by covid-19 pandemic.

Julius Berger Nigeria recentlyemerged as the most valuable brand in the Building and Construction Services Category at the 2020 edition of #IAMBRANDNIGERIA’s Top 50 Brands Nigeria.The development makes it a record fifth consecutive time the company is winning the Award at the highly

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