Julius Berger Nigeria Plc revealed that the second Niger Bridge project is expected to be completed by 2022 and tremendous progress has been made in its construction.
According to the Managing Director of Julius Berger, Dr Lars Richter, the bridge is currently undergoing an extensive engineering construction work since it was awarded the main contract.
Richter, who reviewed the company’s performance during the firm’s Investors Relations Forum in Lagos, explained that the cold recycling methodology, Julius Berger introduced in the ongoing Abuja/Kaduna/Zaria/Kano Road, points to an efficient future for road construction, rehabilitation and maintenance in Nigeria.
He noted that the methodology provides for the milled-off pavement to be recycled and improved for reuse in paving the base layer of the road.
The Managing Director said 2018 was a very successful and pivotal year for Julius Berger, as it was filled with many positive developments and achievements.
He said the group’s revenue in the financial year 2018 increased by 37 percent from 141.890 billion naira in 2017 to 194.617 billion naira, while profit before tax rose 173 percent from 3.739 billion naira in 2017 to 10.197 billion naira. Post-tax profit also rose 47 percent to 6.101 billion naira from 2.517 billion naira.
While addressing quality and standards, Richter said Julius Berger, in 2018 also achieved the recertification of its Quality Management System, to meet the updated standards of ISO 9001, “proving that despite much change, and in the face of external pressures, Julius Berger’s commitment to quality and process has not wavered”.
He pointed out that the company effectively optimised its operational structure in 2018, to ensure the best utilisation of resources for projects’ needs.