Kampala, Uganda | JULIUS BUSINGE | Stanbic Uganda Holdings Ltd (SUHL), part of the Standard Bank Group, Africa’s premier bank by assets, recorded a 15.2% increase in profit after tax, reaching Shs412 billion for the year ending December 31, 2023. Operating under the ticker SUHL on the Uganda Securities Exchange, the …
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The company continues to demonstrate resilience amidst a challenging operating environment, characterised by a high prevalence of illicit trade Kampala, Uganda | JULIUS BUSINGE | Cigarette seller, British American Tobacco has reported a reduction in net profit from Shs9.8bn for the year ended December 2022 to Shs8.9bn for the year ended …
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Kampala, Uganda | THE INDEPENDENT | Cipla Quality Chemicals Limited has reported a substantial 74% dip in profit after tax to Shs 3.56 billion for the six months ending September 30. The dip is attributed to a significant increase in operating expenses and a shift in the product mix. The company’s …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s drug manufacturer, Cipla Quality Chemicals Ltd, has issued a profit warning for the six months period ended Sept.202, 2023, citing changes in product mix. The Uganda Securities Exchange-listed firm now expects to report lower net earnings than what it reported during the same period …
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The company’s key drivers for growth included surge in customer base, data and fintech services Kampala, Uganda | THE INDEPENDENT | MTN, Uganda’s biggest mobile phone operator by market value, has reported a 21.1% rise in its third-quarter profit after tax, buoyed by an increasing customer base and heightened demand for …
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Illicit cigarette inflows continue to be the biggest headache to the country’s product distributor Kampala, Uganda | JULIUS BUSINGE | BAT Uganda, a distributor and seller of cigarettes in Uganda has reported a 2% decline in net profit to Shs3.8 billion for the six months of this year ending June 30, …
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This comes as the economy continues to recover from the consequences of the Covid 19 pandemic, the Russia-Ukraine war, and the tightening of global financing conditions Kampala, Uganda | THE INDEPENDENT | Uganda’s biggest bank, Stanbic Bank, has reported a 23.5% rise in the first-half profit after tax to Shs 200bn …
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Kampala, Uganda | THE INDEPENDENT | With barely 18 months to run out its 25-year concession, power distributor, Umeme Ltd has made a 49 percent growth in operating profit for the first half ended June 2023. The company attributed the profit before amortisation and impairment, tax, and interest of 243,530 billion …
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Shareholders could earn Shs5.6 per share in September Kampala, Uganda | JULIUS BUSINGE | MTN Uganda has reported an 18% jump in profit after tax to Shs228bn in the first six months of 2023 compared to Shs193bn reported in the same period last year. The company’s Chief Executive Officer Sylivia Mulinge …
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Kampala, Uganda | THE INDEPENDENT | The insurance industry has declared the direct effects of the COVID-19 pandemic on the business behind them, following sustained growth in premiums raises and claims paid. According to the figures, the industry remained on a positive growth path in 2022, with Gross Written Premium …
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