Tag Archives: profit

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 …

Despite challenging market conditions, MultiChoice Africa’s unwavering dedication to telling African stories and its ongoing investment in local content has been a driving force behind its success in a highly competitive sector Johannesburg, South Africa | THE INDEPENDENT |  MultiChoice Africa Holdings  has demonstrated remarkable resilience and achieved profitability, solidifying …

But directors have recommended a dividend of Shs2.5 per share payable in September this year which is higher than Shs2 per share paid last year. Kampala, Uganda | JULIUS BUSINGE | Pharmaceutical manufacturing company Cipla Quality Chemical Industries Limited has reported a 21% decline in profit after tax from Shs24bn in …

The company expects to experience an increase in capital expenditure owed to sustained investment to boost growth Kampala, Uganda | THE INDEPENDENT | MTN Uganda has announced a 20% growth in profit after tax for the first quarter of this financial year to Shs 120.6bn and said it maintains a full-year …

Kampala, Uganda | THE INDEPENDENT | dfcu bank’s profit after tax has more than doubled to Shs 30.6bn for 2022 owing to a sharp drop in operating expenses. The lender’s impairment losses on financial instruments fell from Shs 148bn in 2021 to Shs 88bn as interest payment on deposits dropped from …

Kampala, Uganda | THE INDEPENDENT | PostBank has announced its financial results with a 19% increase in net profit for the year ended December 31st, 2022. The state-owned bank reported a net profit of UGX. 15.1 billion, a solid year-over-year growth of 19.3% up from the UGX. 12.2 billion net profit …

The electricity distributor’s assets are to be handed over to the government in 2025 Kampala, Uganda | THE INDEPENDENT | A surge in customer base, efficiency in revenue collection and a reduction in energy losses helped the electricity distributor, Umeme to record a 6.5% growth in profit after tax for the …

Kampala, Uganda | THE INDEPENDENT | British American Tobacco Uganda has recorded a 6% increase in revenues to Shs 99.5bn for the year ended Dece.31, 2022, but the profit after tax declined marginally to Shs 9.9bn. The cigarettes distributor said the 4% decline in profit after tax was attributed to a …

Seoul, South Korea | Xinhua | South Korea’s tech firm LG Electronics saw its operating profit tumble in the fourth quarter of last year, the company said Friday. Preliminary operating profit came to 65.5 billion won (51.9 million U.S. dollars) during the October-December quarter, down 91.2 percent from a year earlier. It missed …

Stanbic continues to support clients as the economy recovers Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda (SBU) has paid out a total of Sh110 billion to its shareholders for financial year 2019, continuing a long track record of returning consistently positive earnings despite prevailing challenges. At the peak of …