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Tag Archives: profits

Lufthansa returns to profits after COVID-19 slump

Berlin, Germany | Xinhua | After two consecutive years of losses, Germany’s flagship airline Lufthansa said on Friday it had once again made a profit in 2022, as international air traffic recovered from the COVID-19 pandemic. Due to “strong increase in demand for air travel over the course of the year,” the …

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BANKING: BOU warns of Ukraine threat on economy

Nine out of the 26 commercial banks register a decline in profits in 2021 Kampala, Uganda | THE INDEPENDENT | Nine out of the 26 registered commercial banks in Uganda registered a decline in profits in 2021, compared to the previous year. Over the same period, eight banks registered a …

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Banks record 874 Billion Shillings profits during lockdown

Kampala, Uganda | THE INDEPENDENT | A Bank of Uganda report has revealed that commercial banks recorded profits to a tune of 874 Billion Shillings between March and September 2020. This is despite the Covid-19 pandemic that led to the closure of many businesses after the country went into lockdown. According …

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Barclays profits up 30% to Shs72bn

Kampala, Uganda | THE INDEPENDENT | Barclays Bank Uganda has recorded an impressive performance for the year ended Dec 2017, with a 30% growth in net profit to Shs72bn amidst a surge in the Non-Performing Loans. The financial results released on April 16 shows that the growth in profits was driven …

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UEGCL sees higher profits ahead

 The company records Shs 13.9bn loss in 2016 Kampala, Uganda | ISAAC KHISA | Uganda’s electricity generation company, UEGCL, has slipped back into loss making territory a year after it registered a substantial profit in 2015 but the executives say the company has better days ahead. Financial records released in Kampala …

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