Corporate earnings and results

CompaniesCorporate earnings and results

Standard Chartered says restructuring is paying off as costs, and income, decline in 2017

Standard Chartered's financials for 2017 show a narrowing in profitability and revenue, following strong growths in 2016. But, in keeping with a statement released by its chief executive affirming the success of its restructuring plan, total expenses fell for the second straight year
CompaniesCorporate earnings and results

Reflecting on 2017 in the banking sector

From preliminary results, total assets of the banking industry increased by 12% from sh23.7 trillion to sh26.5 trillion 2017. Additionally, all banks met the minimum regulatory capital adequacy last December
CompaniesCorporate earnings and resultsEnergy, Oil & GasMarkets

Shocks ahead for Uganda electricity users as rule change jolts Umeme 2017 profit

Uganda’s largest electricity distributor Umeme saw a 32% drop in earnings before interest, taxes, depreciation and amortization in 2017 after a change in its license clawed away revenues previously earned from excess power sold, its full-year results show
CompaniesCorporate earnings and resultsMarkets

Dfcu posts record profit with Crane Bank deal boost

Dfcu Bank Limited became much bigger after its acquisition of the troubled Crane Bank. Its first full year earnings after the deal reflect its impact and Dfcu's transition into one of Uganda's biggest three banks
A Dfcu Bank branch on Kampala Road
CompaniesCorporate earnings and resultsDigital EconomyMarkets

Stanbic’s digital push helps drive profit rise in 2017

Stanbic Bank Uganda touted the success of its digitisation strategy on Wednesday as operating costs fell 3.2% in 2017 compared to a 17.4% rise in the previous year
A Stanbic Bank Uganda branch
CompaniesCorporate earnings and resultsMarkets

BAT profit rebounds on higher prices, lower costs

An increase in the prices of its cigarettes due to a rise in excise tax and lower operating costs saw British American Tobacco Uganda improve profitability in 2017, financials released by the company on show
Corporate earnings and resultsMarkets

Umeme reports first half loss on provision for accrued revenues

Umeme Limited, Uganda's largest power distributor, reported a loss in the first half due to impairment provisions for accrued amounts from the government
Corporate earnings and resultsMarkets

Uganda Clays profit increases 70% in first six months of 2017

Uganda Clays Limited said on Wednesday that its half-year profit rose 70% in the first half of 2017, driven by a reduction in costs of production
CompaniesCorporate earnings and resultsMarkets

MTN Uganda half year profit up on data and digital growth

Strong growth in data and digital services helped MTN Uganda increase revenue in the first half of 2017, according to interim results released by parent company MTN Group
CompaniesCorporate earnings and results

Dfcu gets profit boost from Crane Bank acquisition

The first financials released by Dfcu Bank since its acquisition of Crane Bank this January show a rapid rise in the bank's profits and asset base
A Dfcu Bank branch on Kampala Road
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