Julius Berger’s share price climbs by 34.02% in two weeks 

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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.

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