A document obtained by The Nation showed that JBN, Nigeria’s leading construction company, was sanctioned for “insider dealing during closed period”. Incorporated in 1970, Julius Berger Nigeria became a publicly quoted company in 1991 and has more than 10,000 shareholders.
The NGX had tightened its rules and regulations to checkmate boardroom intrigues and block information arbitrage that tend to confer advantages on companies’ directors. The amendments expanded the scope and authority of corporate financial reporting while eliminating gaps that allowed companies to sidetrack relevant rules in stage-managing corporate compliance.
Under the amendments, in addition to the provisions of relevant accounting standards, laws, rules and requirements regarding preparation of financial statements, companies are now required to include several specific declarations on securities transactions by directors, changes in shareholding structure, self-assessment on compliance with corporate governance standards and internal code for directors on securities transactions among others.
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ETI, Julius Berger lead gainers as indices rise further by N273bEcoBank TransNational Incorporated (ETI) and Julius Berger traded higher at the end of yesterday’s transactions on the equities sector of the Nigerian Exchange Limited (NGX).
Source: GuardianNigeria - 🏆 1. / 94 Read more »
FX gains, investment income spur Julius Berger to N12.7bn profit in 2023Nigeria's independent online newspaper
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Julius Berger Nigeria Plc Reports Profit Increase in 2023Julius Berger Nigeria Plc managed to avoid a profit drop and achieved a significant increase in after-tax profit in 2023, thanks to foreign exchange gains and enhanced investment income. The company's full-year unaudited financial report shows operating pressure that halted turnover growth but with the help of exchange gains and investment earnings, the company turned around from a profit decline in 2022.
Source: thecableng - 🏆 2. / 80 Read more »
FX gains, investment income spur Julius Berger to N12.7bn profit in 2023Nigeria's independent online newspaper
Source: thecableng - 🏆 2. / 80 Read more »
Julius Berger Nigeria Plc Reports Profit Increase in 2023Julius Berger Nigeria Plc managed to avoid a profit drop and achieved a net profit of N12.7 billion in 2023, thanks to significant foreign exchange gains and increased investment income. Despite operating pressure and stagnant turnover growth, the company's after-tax profit rose by 61 percent, driven by a net FX gain of N11.6 billion and a six-fold increase in investment income.
Source: thecableng - 🏆 2. / 80 Read more »
NGX market capitalisation down by 0.08%Transaction activities of the stock market on the Nigerian Exchange Ltd. (NGX) declined by 0.08 per cent, making the market capitalisation to close the week at N59.121 trillion.
Source: GuardianNigeria - 🏆 1. / 94 Read more »