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Corporate earnings and results
Standard Chartered says restructuring is paying off as costs, and income, decline in 2017
Standard Chartered's financials for 2017 show a narrowing in profitability and revenue, following strong growths in 2016. But, in keeping with a statement released by its chief executive affirming the success of its restructuring plan, total expenses fell for the second straight year
April 27, 2018
Companies
Corporate earnings and results
Reflecting on 2017 in the banking sector
From preliminary results, total assets of the banking industry increased by 12% from sh23.7 trillion to sh26.5 trillion 2017. Additionally, all banks met the minimum regulatory capital adequacy last December
April 15, 2018
Companies
Corporate earnings and results
Energy, Oil & Gas
Markets
Shocks ahead for Uganda electricity users as rule change jolts Umeme 2017 profit
Uganda’s largest electricity distributor Umeme saw a 32% drop in earnings before interest, taxes, depreciation and amortization in 2017 after a change in its license clawed away revenues previously earned from excess power sold, its full-year results show
April 3, 2018
Companies
Corporate earnings and results
Markets
Dfcu posts record profit with Crane Bank deal boost
Dfcu Bank Limited became much bigger after its acquisition of the troubled Crane Bank. Its first full year earnings after the deal reflect its impact and Dfcu's transition into one of Uganda's biggest three banks
March 29, 2018
Companies
Corporate earnings and results
Digital Economy
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Stanbic’s digital push helps drive profit rise in 2017
Stanbic Bank Uganda touted the success of its digitisation strategy on Wednesday as operating costs fell 3.2% in 2017 compared to a 17.4% rise in the previous year
March 28, 2018
Companies
Corporate earnings and results
Markets
BAT profit rebounds on higher prices, lower costs
An increase in the prices of its cigarettes due to a rise in excise tax and lower operating costs saw British American Tobacco Uganda improve profitability in 2017, financials released by the company on show
February 14, 2018
Corporate earnings and results
Markets
Umeme reports first half loss on provision for accrued revenues
Umeme Limited, Uganda's largest power distributor, reported a loss in the first half due to impairment provisions for accrued amounts from the government
September 29, 2017
Corporate earnings and results
Markets
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
August 30, 2017
Companies
Corporate earnings and results
Markets
MTN Uganda half year profit up on data and digital growth
Strong growth in data and digital services helped MTN Uganda increase revenue in the first half of 2017, according to interim results released by parent company MTN Group
August 17, 2017
Companies
Corporate earnings and results
Dfcu gets profit boost from Crane Bank acquisition
The first financials released by Dfcu Bank since its acquisition of Crane Bank this January show a rapid rise in the bank's profits and asset base
August 15, 2017
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