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Uganda Clays revenue rises but profit falls on higher costs
Uganda Clays Limited Tuesday said high costs incurred while trying to improve production efficiency and the increase in fuel prices, which pushed up distribution costs, offset higher sales in its most recent financial year
May 21, 2019
Companies
Markets
Alexander Forbes announces retreat from Uganda
The Ugandan unit, alongside the Nigerian operation, was one of the group's worst performing subsidiaries. In both 2018 and 2017, Alexander Forbes reported an operating loss of ZAR3m (Shs934m in 2018 and Shs804.4m in 2017) for its operations in Uganda
May 20, 2019
Companies
Corporate earnings and results
Markets
Stanbic profits in 2018 rise on recovery in interest income
Stanbic Bank Uganda said on Thursday that its profit in 2018 increased on a recovery in interest income, mainly driven by a rise in customer loans
March 28, 2019
Companies
Corporate earnings and results
Markets
Profit growth slows at British American Tobacco amid falling sales
In 2018, three years after a major restructuring that dragged the company's profits down in 2015 and 2016, British American Tobacco Uganda continued to grow revenue and profit, though at a slower pace than in the previous year
February 25, 2019
Companies
Corporate earnings and results
Markets
Dfcu Group’s first-half profits “normalise” after Crane Bank integration
Dfcu Group, the parent company of Dfcu Bank, posted a decline in half-year income and profits, which an accompanying statement said had "normalised following the integration of the acquired net assets of Crane Bank Limited".
August 26, 2018
Companies
Corporate earnings and results
Markets
Stanbic Bank Uganda profits rebound on fees and trading income in first half of 2018
Profit growth at Stanbic Bank - Uganda's largest bank by assets - picked up a little pace in the first half of 2018 following a decline last year. Still, the bank's primary source of income continued declining due to central bank rate cuts.
August 9, 2018
Companies
Corporate earnings and results
Markets
MTN Uganda half year revenue lifted by digital growth – and constant currency reporting
Uganda's largest telecom MTN Uganda benefitted from a reduction in commissions paid to its mobile money agents in the first six months of this year, with an acceleration in income from digital streams driving revenue growth.
August 8, 2018
Companies
Markets
BAT Uganda’s half-year profits rebound on lower costs
British American Tobacco Uganda, the country's biggest cigarette importer and distributor, posted a bounce back in its half-year profits following the regularisation of its costs.
August 3, 2018
Companies
Markets
Cipla Quality Chemicals to list on Uganda Securities Exchange in September
Cipla Quality Chemical Industries Limited, controlled by the Indian pharmaceutical giant Cipla Limited, will become the eighth domestic company to list on the Uganda Securities Exchange next month, according to a preliminary prospectus
August 1, 2018
Companies
Markets
Dfcu, Arise deny reports that major shareholders are exiting
Dfcu Limited and its wholly owned subsidiary, Dfcu Bank, have denied rumours that its two largest shareholders are seeking to sell their stakes in the company, which is listed on the Uganda Securities Exchange
July 8, 2018
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