Julius Berger closed trading on August 13, 2024, at N130.00 per share, continuing a notable upward trend.
The stock saw a market volume of 13.17 million shares, marking the highest volume since May 23, 2024. Since the start of August, the stock has surged by 34.02%, reflecting strong buy-side pressure.
The company’s share price has risen 360% over the past year and over 150% this year alone.
Despite a slight dip in July, the stock has been on a consistent upward trajectory since July 2020, reaching its current high.
Julius Berger’s price-to-earnings ratio stands at 12x, suggesting potential for further growth.
In Q2 2024, Julius Berger reported a 10.58% increase in revenue to N132.8 billion and a 12.08% rise in pre-tax profits to N8.3 billion.
However, earnings per share fell by 67.50% to N0.91, mainly due to increased expenses.
The company also saw significant growth in total assets and cash reserves, and declared a dividend of N3.00 per 50k share.