• Shareholders excited about new leadership of Goni, Lubasch at Julius Berger

It was excitement galore at the 55th Annual General Meeting (AGM) of Julius Berger as the firm paid N5.2billion to shareholders amounting to N3.25 per 50 kobo ordinary share.
The Chairman, Engr Goni Sheikh announced this at a well-attended meeting held inside the Shehu Musa Yar’Adua Centre, Abuja.

He stated that despite persistent inflation, currency devaluation, and high lending rates, rising construction costs, security challenges and unrest in certain parts of the country, Julius Berger Group’s financial results continue to be heavily affected.

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

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” at Julius Berger as a key pillar of operational efficiency, effectively reducing risks and improving productivity.

He shared that a revamped Health, Safety, and Environment (HSE) strategy has been established, focusing on obtaining ISO 45001 certification for the Safety Management System and ISO 14001 certification for the Environmental Management System.

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

The chairman mentioned that Julius Berger Nigeria PL achieved significant milestones in 2024, meeting revenue and profitability targets, reinforcing financial strength, and meeting performance targets across the portfolio.
Across the Group, Julius Berger Nigeria Plc continued to develop progressively toward key objectives.
Primetech Design and Engineering Nigeria Limited., delivered strong results, leading to a substantial increase in Total Equity.

He proudly announced that the staff remains the company’s greatest asset, expanding training programmes, investing in staff development, capacity building, upskilling, mentoring, enhancing employee well-being, and career progression opportunities.

In his address to shareholders, the Managing Director, Dr Peer Lubasch mentioned successfully navigating challenges since assuming office months ago.

He described socio-economic environment presenting significant challenges due to various pressures, creating a tough and unpredictable business landscape.

Lubasch highlighted the company’s resilience adaptability, record-high revenue, expanded asset base, and stability across projects within the reporting year.

The Managing Director attributed the company’ s success to a well-established strategy, core business strengths, collaboration, contributions of subsidiaries, and deliberate diversification policy.

He mentioned regional diversification strategy, progress in the Republic of Benin, assuring shareholders of greater success through execution of strategies, agile leadership, team dedication and fundamental values.

Lubasch concluded by assuring that the company’s leadership remains committed to building a future defined by excellence, operating sustainably, aligned with global standards, and remaining a high-performing organisation trusted by clients and shareholders.

Meanwhile, the shareholders lauded the appointments of the chairman and managing director, expressing expectations for better days.

They passed all resolutions of the Board, including shareholders’ dividends, new Executive Directors, new non-Executive Director, re-election of some directors and the appointment of Goni as a Director of the company.