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CompaniesMarkets

Cipla Quality Chemicals faces loss on Zambia debt

The drugmaker Cipla Quality Chemical Industries Limited faces a net operating loss for the year to March 2020 after a delay in payment of debt owed by the Zambian government, the company said in a profit warning
Antiretroviral drugs to treat HIV infection
CompaniesMarkets

Coronavirus: NIC Holdings postpones results

NIC Holdings has said it is postponing the release of its 2019 results due to delays caused by the lockdown instituted to control the spread of the Covid-19 coronavirus
An office tower in Kampala
Markets

Coronavirus causes companies to postpone AGMs, dividend payments

Six companies listed on the Uganda Securities Exchange have postponed their annual general meetings due to the coronavirus outbreak, the bourse said in a statement
Main entrance at the Uganda Securities Exchange
CompaniesCorporate earnings and resultsMarkets

Fall in profits at Bank of Baroda on slowdown in interest income

Bank of Baroda suffered a large decline in profitability in 2019, reflecting the impact of a rise in expenses and a slowdown in interest income
A branch of Uganda's Bank of Baroda
CompaniesCorporate earnings and resultsMarkets

Dfcu profit rebounds as revenues recover

Dfcu Bank has reported a large rebound in profitability helped by strong growth in fees and commissions income, with the company's results boosted further by a drop in operating expenses
CompaniesCorporate earnings and resultsMarkets

Stanbic Bank earnings rise on robust trading gains

Stanbic Bank Uganda reported its strongest annual profitability in three years, boosted by a continued rebound in interest income and a large rise in gains from trading securities
A Stanbic Bank Uganda branch
CompaniesCorporate earnings and resultsEnergy, Oil & GasMarkets

Umeme posts record revenue growth in 2019

Umeme Limited said on Monday that revised tariff performance parameters negotiated with the regulator helped soften the impact of weak performances in the second and third quarters of 2019, with the company's results boosted further by reining in costs
Umeme Limited's service centre in Jinja
CompaniesCorporate earnings and resultsMarkets

MTN Uganda profits surge on subscriber growth

Telecoms firm MTN Uganda reported on Wednesday strong growth in full-year revenue and operating profit, helped by increases in income from outgoing voice calls, data revenue, and mobile money revenue
MTN Offices in Kampala
CompaniesMarketsMovers & Shakers

George Inholo out as Uganda Clays culls top management

Uganda Clays Limited said George Inholo, the clay building products manufacturer's managing director, its head of production, and head of human resources and support services are leaving the company "by mutual consent". No reason was given for their departure
Manufacturing plant belonging to Uganda Clays Limited
CompaniesCorporate earnings and resultsMarkets

Vision Group posts first-half rebound in profit on stronger advertising revenue

Vision Group reported a rebound in revenue and profits in the first half of 2019/2020, underpinned by growth in advertising revenue and a reduction in the cost of sales
Vision Group Properties
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