Corporate earnings and results

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Umeme writes off Sh432.9bn as end of service concession nears

Umeme wrote down Shs432.9bn in assets, an increase of Shs272.9bn from the previous year, to reflect the shorter remaining life of its power distribution concession, resulting in a sharp fall in profits
Electricity infrastructure in Pemba, Tanzania. In May 2010, a submarine cable brought electricity from Tanga to Pemba (and on to the mainland). The cable was buried in the picturesque surroundings of Mkumbuu; three metres into the ground before rising to a mast about 120 metres from the water's edge. The cable continues to the Wesha substation, where "feeders" distribute the power to the island's grid. Norway paid NOK 475 million (out of a total cost of NOK 575 million). Norway also provided technical assistance to the project. The cable is now operated and maintained by the Zanzibar Electricity Corporation (ZECO).
CompaniesCorporate earnings and resultsMarketsMedia

Vision Group issues yet another profit warning blaming Covid-19 pandemic

New Vision Printing and Publishing Company issued a profit warning Wednesday, saying it would post a loss for the half year to the end of December
Copies of Uganda's leading English-language dailies, the New Vision and the Daily Monitor, on a newsstand in June 2020
CompaniesCorporate earnings and results

Cipla Quality Chemical Industries first-half profit falls on rising expenses

Cipla Quality Chemical Industries posted a 74.3 per cent fall in its net profit for the six months to September 2023, despite growth in sales, as expenses increased
CompaniesCorporate earnings and resultsMarkets

Cipla Quality Chemicals warns 1H profit to drop

Drug maker says last year's rise in profit for the same period was the result of the recovery of a previously written-off trade receivable
CompaniesCorporate earnings and results

Mobile money, data drive MTN revenue growth in Q3

MTN Uganda's revenue for the first three quarters increased by 15.9% compared to the same period last year
A person withraws money from their mobile money account in Uganda
CompaniesCorporate earnings and resultsMarkets

New Vision slumps to its second annual loss

New Vision reported a sharp drop in earnings for the year ended June, dragged down by the poor performance of its recently added publishing revenue stream
A newspaper stand
CompaniesCorporate earnings and resultsMarkets

New Vision warns of full-year loss, blaming weak post-pandemic recovery

The government-controlled media group warned it will post a net loss for the year to June because of the weak economic recovery from the Covid-19 pandemic
Head offices of the New Vision Printing and Publishing Company Ltd on First Street, Industrial Area, Kampala
CompaniesCorporate earnings and resultsMarkets

Uganda Clays swings to first-half loss as equipment failures hit sales

Buildings material company Uganda Clays swung to a first-half loss in the first six months of the year as “frequent machinery breakdowns” dented production and resulted in lower sales
Manufacturing plant belonging to Uganda Clays Limited
CompaniesCorporate earnings and resultsMarkets

Sales slump impacts BATU’s first-half net profit

British American Tobacco Uganda said Friday that first half net profit fell 2.1 per cent from a year earlier, due to a decline in sales
Two men holding a tobacco seedling
Corporate earnings and results

Dfcu profit rebounds following drop in bad debt provisions

Prudent loan approach and lower bad debt provisions boost net profit at lender
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