Uganda Clays Limited

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

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
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

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
CompaniesCorporate earnings and resultsMarkets

Uganda Clays sustains momentum, reports Shs2.39bn profit

Uganda Clays Limited has reported after-tax profit of Shs2.39bn, according to the audited financials released in the press on Friday.
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

Uganda Clays returns to full-year profit in 2016

Uganda Clays returned to profitability in 2016, according to its results for the period, reversing a loss in 2015 that arose from interest payments on a shareholder's loan
Manufacturing plant belonging to Uganda Clays Limited
CompaniesMarkets

Uganda Clays MD on NSSF debt and turnaround strategy

Uganda Clays managing director, George Inholo is so confident of the roofing tiles maker’s prospects that he is not anxious about NSSF's recent decision not to turn all of its debt to equity. The company finally turned a profit in the first half of this year.
Corporate earnings and resultsMarkets

Ray of sunshine for Uganda Clays after Shs1.3bn profit in HY2016

Roofing tiles maker Uganda Clays Limited (UCL) returned to profitability in the first half of 2016, posting a Shs1.3 billion ($0.38 million) profit reversing a similar loss from the same period in 2015, according to unaudited financials released by the firm.
Executive ProfilesMovers & Shakers

Executive Profile: George Inholo

At the meeting that announced Inholo’s appointment, it was reported that the roofing tile maker had made a half-year loss of Shs2.4 billion. UCL went on to announce a record loss of Shs5.2 billion for 2014 and his task was clear: restructure the company and return it to profitability.