Uganda Securities Exchange
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Printing keeps New Vision in black ink with Shs4.9bn profit
Profit before tax was flat at Shs7.4bn and the company had Shs5bn in cash and cash equivalents, down from Shs10.7bn at the end of last financial year. Cash from operating activities moved significantly from Shs14.1 billion in FY2014/15 to Shs2.5 billion.
NIC reports 132% growth in half year profit
NIC Holdings Limited (NIC) reported a 132.81% growth in half year profit to Shs4.44 billion ($1.31 million) compared to Shs1.91 billion in the first half of 2015, unaudited results released on Monday show.
Joseph Kitamirike on Uganda’s financial markets and ALTX East Africa
We spoke to Joseph Kitamirike about his new stock exchange, ALTX East Africa, which started trading recently. He told us about setting up the exchange, his tenure at Uganda Securities Exchange, and what he hopes to achieve with ALTX.
Umeme HY2016 profit falls to Shs54.5bn on financing costs
Umeme’s revenue grew 20.3% to Shs658.7 billion ($195.5m) in the first half of 2016 on higher power sales but net profit fell from Shs67.6bn to Shs54.5bn ($16.2m) on increased financing costs and a normalised tax rate, half-year results released today show.
Ray of sunshine for Uganda Clays after Shs1.3bn profit in HY2016
Roofing tiles maker Uganda Clays Limited (UCL) returned to profitability in the first half of 2016, posting a Shs1.3 billion ($0.38 million) profit reversing a similar loss from the same period in 2015, according to unaudited financials released by the firm.
Dfcu profits rise 70.71% in first half of 2016
Dfcu bank on Friday released provisional half-year results showing a 70.71% growth in net profit and 20.08% growth in net income. Net profit for the period was Shs23.32 billion compared Shs13.66 billion for the first half of 2015.
Stanbic Bank Uganda half-year profits up 57%
Stanbic Bank Uganda has released unaudited half year results showing net profit up 56.9%, while total operating income rose 28%.
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.
Executive Profile: Selestino Babungi
Babungi is the first Ugandan to head the power distribution utility. He joined Umeme in 2006 as credit control manager after six years at Ernst & Young, rose to area manager and later chief financial officer before his current post.








