Julius Berger Nigeria Plc has reported a 246 percent increase in its property, plant, and equipment (PPE), reflecting its expansion strategy across Africa.
The construction company saw its PPE for the financial year ended 2024 rise to N279 billion from N80.3 billion reported in the same period of 2023.
The company’s ongoing expansion efforts and strategic investments in its operations have fueled this impressive growth. According to its unaudited financial results for 2024, Julius Berger’s total assets surged by 50 percent, reaching N1.01 trillion from N678 billion reported in the previous year.