Corporate earnings and results

CompaniesCorporate earnings and resultsMarkets

Uganda Clays issues profit warning as product shortages hit results

Building materials company blames equipment breakdowns and challenging economic conditions for first-half woes
Baked clay construction materials at a factory
CompaniesCorporate earnings and resultsMarkets

Growth bounces back in 2021 for Stanbic, but lending stalls

Stanbic Bank said trading gains from debt securities holdings fuelled its profits rebound last year, but a slowdown in economic activity weighed on other revenue streams
A Stanbic Bank Uganda branch
CompaniesCorporate earnings and resultsEnergy, Oil & GasMarkets

Umeme returns to revenue and profits growth

Umeme Limited pointed to an increase in electricity sales and customer connections as the power distributor returned to year on year revenue and profits growth in 2021
Electricity Transformers
CompaniesCorporate earnings and resultsMarkets

MTN boosted by data and mobile money

Uganda's largest telecom company MTN Uganda reported a gain in full-year profit on the back of a jump in data revenue and moderated growth in operating expenses
CompaniesCorporate earnings and resultsMarkets

BATU profit drops for first time in five years

British American Tobacco Uganda, the cigarette distributor, reported a drop in after-tax profit last year amid "an exceptionally challenging operating environment" as weak consumer spending and "illicit trade" hit its sales
British American Tobacco Uganda products
CompaniesCorporate earnings and resultsMarkets

New Vision swings back to half-year profit on government contracts

New Vision Printing and Publishing Company returned to profitability in the second half of 2021 as contracts from the government to publish educational materials and textbooks boosted revenue
CompaniesCorporate earnings and resultsMarkets

Dfcu warns profit will be hit by loan provisions

Dfcu Group warned Friday its full-year earnings for 2021 will fall by as much as 25 per cent on an increase in loan-loss provisions and the impairment of some assets acquired from Crane Bank
CompaniesCorporate earnings and resultsMarkets

Soaring loan-loss provisions lead to first profit fall in seven years at Stanbic

Decline in net profit, the first in seven years, follows strengthened provisions against losses from borrowers hit by the coronavirus
A Stanbic Bank branch in Kampala
CompaniesCorporate earnings and resultsMarkets

Umeme profits slide on suspension of free connections

Power distributor Umeme Limited on Tuesday blamed a "challenging operating and regulatory environment" for the sharp fall in 2020 profits
Electricity pylons
CompaniesCorporate earnings and resultsMarkets

BAT Uganda profits rise sharply on lower operating costs

British American Tobacco Uganda reported its strongest growth in profits in three years as cost-cutting measures in response to the Covid-19 pandemic more than made up for the hit to cigarette sales
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