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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
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
Vision Group profits plunge after it raises provision on debt
New Vision Printing and Publishing Company Ltd said its after-tax profit for the year ended 30 June 2017 had fallen sharply after a decline in revenue and a "huge" provision for doubtful debts
Dfcu’s Shs200bn rights issue 95.21% subscribed
Dfcu Limited, the holding company of Dfcu Bank, raised Shs190.6bn in a rights offering to settle a shareholder loan
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
Uganda Clays returns to full-year profit in 2016
Uganda Clays returned to profitability in 2016, according to its results for the period, reversing a loss in 2015 that arose from interest payments on a shareholder's loan
Company profile: Umeme Limited
Umeme Limited is the main electricity distribution company in Uganda operating on a 20-year electricity concession from the Government of Uganda effective 1st March 2005
Higher finance costs and flat earnings dim Umeme’s profit
Umeme’s net profit fell 5.8% in 2016 to Shs99.7 billion, weighed down by higher financing costs and flat earnings, the power distributor said in full year results released on Monday.








