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Profit warnings

Umeme's service centre in Jinja town, on Lubas Road

Umeme issues profit warning, blames assets writedown

Accounting charge relates to the writedown of the utility's non-current intangible assets over the shorter of the remaining term of its distribution concession or their useful life

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

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
Antiretroviral drugs to treat HIV infection

Cipla Quality Chemicals faces loss on Zambia debt

The drugmaker Cipla Quality Chemical Industries Limited faces a net operating loss for the year to March 2020 after a delay in payment of debt owed by the Zambian government, the company said in a profit warning

BAT Uganda profits fall following major restructuring

British American Tobacco Uganda Limited reported a 52% decline in half year profits on Thursday, reflecting the change in its business model that saw the company discontinue its leaf business.

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