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Corporate earnings and results
Stanbic Uganda’s annual net profit rose
Stanbic Uganda Holdings Limited said its annual net profit rose by 15.2 per cent and was mainly driven by its anchor subsidiary, Stanbic Bank Uganda
March 25, 2024
Companies
Corporate earnings and results
Energy, Oil & Gas
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Umeme writes off Sh432.9bn as end of service concession nears
Umeme wrote down Shs432.9bn in assets, an increase of Shs272.9bn from the previous year, to reflect the shorter remaining life of its power distribution concession, resulting in a sharp fall in profits
March 25, 2024
Companies
Corporate earnings and results
Cipla Quality Chemical Industries first-half profit falls on rising expenses
Cipla Quality Chemical Industries posted a 74.3 per cent fall in its net profit for the six months to September 2023, despite growth in sales, as expenses increased
November 20, 2023
Companies
Corporate earnings and results
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Cipla Quality Chemicals warns 1H profit to drop
Drug maker says last year's rise in profit for the same period was the result of the recovery of a previously written-off trade receivable
November 15, 2023
Companies
Corporate earnings and results
Mobile money, data drive MTN revenue growth in Q3
MTN Uganda's revenue for the first three quarters increased by 15.9% compared to the same period last year
November 2, 2023
Companies
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Markets
New Vision slumps to its second annual loss
New Vision reported a sharp drop in earnings for the year ended June, dragged down by the poor performance of its recently added publishing revenue stream
October 12, 2023
Companies
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New Vision warns of full-year loss, blaming weak post-pandemic recovery
The government-controlled media group warned it will post a net loss for the year to June because of the weak economic recovery from the Covid-19 pandemic
September 15, 2023
Companies
Corporate earnings and results
Markets
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
September 1, 2023
Companies
Corporate earnings and results
Markets
Sales slump impacts BATU’s first-half net profit
British American Tobacco Uganda said Friday that first half net profit fell 2.1 per cent from a year earlier, due to a decline in sales
September 1, 2023
Corporate earnings and results
Dfcu profit rebounds following drop in bad debt provisions
Prudent loan approach and lower bad debt provisions boost net profit at lender
August 24, 2023
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