Corporate earnings and results
Cost cuts more than halve New Vision’s loss, but revenue hits a ten-year low
New Vision posted a fourth straight annual loss of Shs4bn in the year to June 2026, though lower direct costs lifted gross profit to Shs19.9bn from Shs8bn
Bank of Baroda posts its strongest first-half profit since at least 2018
Bank of Baroda Uganda’s first-half profit rose 24.4% to Shs91.3bn in 2026, the highest in its published statements since 2018
NSSF pays a record 22.53%, partly from gains it has not banked
NSSF's record payout nearly doubles last year's, and we explain where the Shs5.44tn came from and what it means for next year
NIC’s loss narrows as its insurance business shrinks
NIC Holdings swung to a Shs2.5bn underwriting loss in the first half of 2026 as revenue fell 15.9 per cent, with Cornerstone's takeover awaiting approval
Will NSSF’s Ayota finally upstage Byarugaba?
NSSF's preliminary numbers support a 14.5% interest rate. Beating Byarugaba's 15% record would cost little more. Will Patrick Ayota take the shot?
Uganda Clays swings to profit on improved efficiency despite rising finance costs
Uganda Clays posts a marginal 2025 profit as costs fall and production stabilises, though finance costs remain a drag
New Vision swings back into profit in first half
Vision Group returns to profit in its first half as production cost cuts outweigh a 4.2% revenue decline, with operating cash flow swinging sharply positive
Stanbic trading desk powers record profit
Stanbic Uganda Holdings posted its strongest profit growth in three years in 2025, led by a surge in trading income and compressed interest margins
New Vision warns of third straight year of losses
New Vision Printing and Publishing Company sounded the alarm on profits on Friday, blaming a drop in newspaper sales and advertising revenue, as well as higher operational costsMore Corporate earnings and results
Barclays profits dip slightly to Shs55bn
An increase in the expenses set aside for bad loans and customer defaults saw total expenses rise faster than revenue at Barclays Bank last year, leading to a slight decline in after-tax profits.
NC Bank profits drop 35% in 2016
NC Bank Uganda, a subsidiary of Kenya's NIC Bank Group, saw its after-tax profits drop 34.95% in 2016 on the back of rising expenses, results released on Wednesday show.
Centenary Bank loan growth pushes profits to Shs109.9bn in 2016
Centenary Bank profits rose 8.18% to Shs109.9bn in 2016, the bank announced on Monday, largely on the back of a rise in interest income on loans and advances.
Lower income tax boosts profits at Housing Finance
Housing Finance Bank reported a 22.9% jump in net profits for 2016, helped by a decline in its income tax expense, and a rise in interest income driven by higher returns on investment securities.
Exim Bank falls to Shs4bn loss in 2016
Exim Bank became the first bank to report a loss for 2016, as a dip in activity dragged down its revenues. Profit after tax fell 275% compared to 2015, to a Shs4.1bn loss, because of a decline in revenue to Shs32.5bn from Shs36.3bn in 2015.
Standard Chartered profits quadruple in 2016
Standard Chartered Bank reported profitability bouncing back in 2016 compared with 2015, as a big fall in loan loss provisions brought down total expenses.
Monitor, NTV revenue drops in tough media environment
Severe cost-cutting helped Nation Media Group limited to stem the bleeding from an 8% fall in revenues as a tough business environment hit the region’s largest media firm.
Higher finance costs and flat earnings dim Umeme’s profit
Umeme’s net profit fell 5.8% in 2016 to Shs99.7 billion, weighed down by higher financing costs and flat earnings, the power distributor said in full year results released on Monday.
Stanbic Bank reports 27% rise in 2016 profits
Stanbic Bank, Uganda's largest bank, has released financials for 2016 showing a 27% increase in net profit, a solid performance in a challenging year for the banking sector.
Dfcu Bank profits up 25% in 2016
Dfcu Bank Limited increased after-tax profit by 25% to Shs46.3 billion in the year to December 2016 despite a tumultuous year for the banking sector, according to summary financials released on Tuesday.
