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Tag Archives: profit

Uganda clays profit tumble

How management intend to turnaround performance going forward Kampala, Uganda | JULIUS BUSINGE | The rise in revenue expenditure and emoluments for staff cut the profitability of Uganda Clays Limited (UCL) for the last six months ending June 30, 2018. However, the company eyes a bright future due to new outlets …

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Umeme’s profit rebound

Big industries boost company sales in first half of 2018 Kampala, Uganda | ISAAC KHISA | There is good news at Umeme Limited. The power distributor has recorded an increase in net profit by Shs20bn to Shs61 billion in the first half of 2018 compared to the same period a year …

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BATU half- year profit rises to Shs6.2bn

Kampala, Uganda | ISAAC KHISA | High operating profits coupled with lower financing costs helped the tobacco maker, British American Tobacco, to record a 77% rise in net profit to Shs6.2bn for the half year ending June 30. The latest financial results shows that the company recorded an increase in the …

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Uganda Clays steady profit growth

Competition from other clay products makers threatens its further increase in sales Kampala, Uganda | ISAAC KHISA | Clay products maker, Uganda Clays Limited (UCL), has recorded a steady profit growth for the second year running citing increased marketing and the decision by the majority shareholder, National Social Security Fund, …

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Rolls-Royce powers into profit; shares soar

London, United Kingdom | AFP | Rolls-Royce powered back into profit during the first half, propelled by strong deliveries for its Trent aircraft engines, lifting its share price almost ten percent Tuesday. Net profit stood at £1.58 billion ($2.1 billion, 1.77 billion euros) in the six months to June 30 compared …

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Stanbic’s profit after tax up 7.4%

By Julius Businge Stanbic Bank Uganda Limited, Uganda’s largest commercial bank has recorded sh130bn profit after tax for the year ended December 2012 up from sh121bn a year earlier, the Bank’s financial results released on March 18 reads. The Bank’s expenditure however, increased from sh267bn for the year ended December …

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