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CompaniesCorporate earnings and resultsMarkets

Stronger sales boost BAT Uganda 2019 profit, revenue

British American Tobacco Uganda posted a strong jump in 2019 profit as its rebranded cigarettes drove an increase in sales, according to financials released on Monday
CompaniesCorporate earnings and resultsMarkets

Cipla Quality Chemical profits plunge in first full-year results

Cipla Quality Chemical Industries Limited, the drugmaker controlled by the Indian pharmaceutical giant Cipla Limited, reported a 14.2% fall in revenue for its first full-year results announcement since listing
CIPLA Quality Chemicals Offices
CompaniesCorporate earnings and resultsMarkets

Uganda Clays revenue rises but profit falls on higher costs

Uganda Clays Limited Tuesday said high costs incurred while trying to improve production efficiency and the increase in fuel prices, which pushed up distribution costs, offset higher sales in its most recent financial year
CompaniesMarkets

Alexander Forbes announces retreat from Uganda

The Ugandan unit, alongside the Nigerian operation, was one of the group's worst performing subsidiaries. In both 2018 and 2017, Alexander Forbes reported an operating loss of ZAR3m (Shs934m in 2018 and Shs804.4m in 2017) for its operations in Uganda
The head offices of Alexander Forbes Group in Sandton, Johannesburg
CompaniesCorporate earnings and resultsMarkets

Stanbic profits in 2018 rise on recovery in interest income

Stanbic Bank Uganda said on Thursday that its profit in 2018 increased on a recovery in interest income, mainly driven by a rise in customer loans
A Stanbic Bank Uganda branch
CompaniesCorporate earnings and resultsMarkets

Profit growth slows at British American Tobacco amid falling sales

In 2018, three years after a major restructuring that dragged the company's profits down in 2015 and 2016, British American Tobacco Uganda continued to grow revenue and profit, though at a slower pace than in the previous year
Cigarettes manufactured and distributed by British American Tobacco in Uganda
CompaniesCorporate earnings and resultsMarkets

Dfcu Group’s first-half profits “normalise” after Crane Bank integration

Dfcu Group, the parent company of Dfcu Bank, posted a decline in half-year income and profits, which an accompanying statement said had "normalised following the integration of the acquired net assets of Crane Bank Limited".
A Dfcu Bank branch in Kampala
CompaniesCorporate earnings and resultsMarkets

Stanbic Bank Uganda profits rebound on fees and trading income in first half of 2018

Profit growth at Stanbic Bank - Uganda's largest bank by assets - picked up a little pace in the first half of 2018 following a decline last year. Still, the bank's primary source of income continued declining due to central bank rate cuts.
A Stanbic Bank Uganda branch
CompaniesCorporate earnings and resultsMarkets

MTN Uganda half year revenue lifted by digital growth – and constant currency reporting

Uganda's largest telecom MTN Uganda benefitted from a reduction in commissions paid to its mobile money agents in the first six months of this year, with an acceleration in income from digital streams driving revenue growth.
MTN Offices in Kampala
CompaniesMarkets

BAT Uganda’s half-year profits rebound on lower costs

British American Tobacco Uganda, the country's biggest cigarette importer and distributor, posted a bounce back in its half-year profits following the regularisation of its costs.
British American Tobacco Uganda products
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