MTN, TotalEnergies, Julius Berger top stocks to watch this week

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BUA Cement, PRESCO and Fidson also make the cut.

Having paid an interim dividend of N4.55 earlier, it’s total dividend for the year will come to N13.12, roughly 40 per cent bigger that of the preceding year.for FY2021, more than seven times higher than what it posted a year earlier.

The resilient performance, coming after a year in which the coronavirus significantly hammered earnings significantly, had been fuelled by a 67 per cent expansion in turnover.Julius Berger features in the pick for reporting a two-fifth growth in top line for FY2021, spiking revenue to N339.6 billion and helping profit enlarge by almost six times.Presco appears in the selection on the strength of a 258.6 per cent rise in after-tax to N18.

Its revenue rose by over 22 per cent N257 billion just as post-tax profit leapt to N91.9 billion, a 28.4 per cent improvement over the previous year’s.

Source: News Formal (newsformal.com)

 

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