Markets

Cipla Quality Chemicals posts loss as exports decline

June 12, 2020 Uganda Business News

Cipla Quality Chemical’s exports fell sharply, largely as a result of suspending sales to the government of Zambia following delayed payments, leading to a decline in revenue and the company’s first loss since listing in 2018

Standard Chartered reports strongest profits since 2016

May 24, 2020 Uganda Business News

Standard Chartered Bank Uganda’s net revenue for 2019 grew at its fastest in three years as interest income rebounded, driven by interest from loans and advances, and from investment securities

Absa profits rebound on lending income boost

May 23, 2020 Uganda Business News

Absa Bank Uganda Limited, formerly known as Barclays Bank of Uganda, returned to profit growth in 2019 on the back of stronger growth in lending income and a rebound in interest from trading securities

Antiretroviral drugs to treat HIV infection

Cipla Quality Chemicals faces loss on Zambia debt

May 7, 2020 Uganda Business News

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

Coronavirus: NIC Holdings postpones results

May 6, 2020 Uganda Business News

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

Main entrance at the Uganda Securities Exchange

Coronavirus causes companies to postpone AGMs, dividend payments

May 6, 2020 Uganda Business News

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

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

April 8, 2020 Uganda Business News

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

Dfcu profit rebounds as revenues recover

April 2, 2020 Uganda Business News

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

Stanbic Bank earnings rise on robust trading gains

March 26, 2020 Uganda Business News

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

Umeme posts record revenue growth in 2019

March 24, 2020 Uganda Business News

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