Nigeria, April 2 -- Julius Berger Nigeria posted roughly a quarter increase in post-tax profit for 2024, taking its bottom line to N15.5 billion, according to its newly released audited financial report.

Turnover for the group rose 27.8 per cent to N566.7 billion on account of improvement in the income from construction contracts and rendering of services, its two chief revenue sources.

The conglomerate also saw the contribution of sales of cashew products to its revenue pool jump by more than two-fifths to N2 billion during the year, indicating that the decision in 2020 to diversify away from its core construction business into agribusiness is beginning to pay off.

Cost of sales soared by almost one-third to N495.2 billion, driven by ...