At the 55th yearly general meeting of Julius Berger Plc, shareholders approved the payment of N3.25 kobo as a dividend, which translates to N5.2 billion.

The Chairman, Goni Sheikh, said despite persistent inflation, currency devaluation and high lending rates, rising construction costs, security challenges and unrest in certain parts of the country, Julius Berger’s financial results continue to do well.

The company will continue to mitigate risks and ensure steady operations, he said.

Sheikh emphasised Julius Berger’s dedication to efficiency, strategic partnerships, hard work, ensuring resilience amidst challenges, maintaining industry leadership and delivering on commitments satisfactorily.

He highlighted the foundational ethos of “safety first” as a key pillar of the company’s operational efficiency, effectively reducing risks and improving productivity.

He said the revamped health, safety and environment (HSE) strategy has been established, focusing on obtaining ISO 45001 certification and ISO 14001 certification.

He stressed the company’s commitment to strengthening dedication to excellence for the benefit of all stakeholders.

The chairman mentioned that the company achieved significant milestones in 2024, meeting revenue and profitability targets, reinforcing financial strength and meeting performance targets across portfolios.

He said the staff remained the company’s greatest asset, a reason it has expanded training programmes and invested in staff development.

Managing Director, Dr Peer Lubasch, said the company has successfully navigated economic challenges.