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Umeme posts record revenue growth in 2019
Umeme Limited said on Monday that revised tariff performance parameters negotiated with the regulator helped soften the impact of weak performances in the second and third quarters of 2019, with the company's results boosted further by reining in costs
March 24, 2020
Data
Energy, Oil & Gas
Slight drop in Q2 2019 electricity prices
Domestic consumers will pay about Shs9 less for each each unit of electricity supplied by Umeme Limited in the second quarter of 2019 compared to the first three months of the year
April 11, 2019
Companies
Energy, Oil & Gas
Umeme revenues flat but books Shs132bn profit as it returns to ‘normal’ curve
Uganda's power distributor Umeme bounced back from a regulatory clause that suppressed earnings in the previous year to post a net profit of Shs132 billion for the full financial year ended December 31, 2018, the firm has reported in its latest earnings report
March 25, 2019
Markets
International investment funds biggest winners in Umeme dividend payments
International investment funds – with the exception of the National Social Security Fund - will be the biggest earners from the Umeme Ltd dividend payout
May 18, 2018
Economy
Energy, Oil & Gas
Power prices for second quarter of 2018 fall slightly
Electricity tariffs to be charged by Umeme from April to June will reduce slightly following favourable changes in the dispatch of generation plants
April 8, 2018
Companies
Corporate earnings and results
Energy, Oil & Gas
Markets
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
April 3, 2018
Energy, Oil & Gas
Slight reduction in Q4 power tariffs
Electricity consumers will pay less for power in the last three months of 2017, according to a tariff schedule released by the regulator
October 6, 2017
Corporate earnings and results
Markets
Umeme reports first half loss on provision for accrued revenues
Umeme Limited, Uganda's largest power distributor, reported a loss in the first half due to impairment provisions for accrued amounts from the government
September 29, 2017
Energy, Oil & Gas
Electricity prices to fall further in third quarter
Power prices are to reduce for the second consecutive quarter due to a stronger shilling and lower fuel prices, according to a tariff schedule released by the Electricity Regulatory Authority
July 7, 2017
Top 100 Taxpayers
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
May 18, 2017
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