Corporate earnings and results
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 costs
Dfcu profit weighed down by higher expenses
Dfcu Limited has reported its first annual fall in profits for the first half of the year in three years, due to increased operating expenses and provisions for bad loans at its largest subsidiary, Dfcu BankMore Corporate earnings and results
BATU profit drops for first time in five years
British American Tobacco Uganda, the cigarette distributor, reported a drop in after-tax profit last year amid "an exceptionally challenging operating environment" as weak consumer spending and "illicit trade" hit its sales
New Vision swings back to half-year profit on government contracts
New Vision Printing and Publishing Company returned to profitability in the second half of 2021 as contracts from the government to publish educational materials and textbooks boosted revenue
Dfcu warns profit will be hit by loan provisions
Dfcu Group warned Friday its full-year earnings for 2021 will fall by as much as 25 per cent on an increase in loan-loss provisions and the impairment of some assets acquired from Crane Bank
Soaring loan-loss provisions lead to first profit fall in seven years at Stanbic
Decline in net profit, the first in seven years, follows strengthened provisions against losses from borrowers hit by the coronavirus
Umeme profits slide on suspension of free connections
Power distributor Umeme Limited on Tuesday blamed a "challenging operating and regulatory environment" for the sharp fall in 2020 profits
BAT Uganda profits rise sharply on lower operating costs
British American Tobacco Uganda reported its strongest growth in profits in three years as cost-cutting measures in response to the Covid-19 pandemic more than made up for the hit to cigarette sales
Cipla Quality Chemicals posts loss as exports decline
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
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
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
Fall in profits at Bank of Baroda on slowdown in interest income
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
