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Tag Archives: revenue

IATA signals a vibrant comeback for aviation in 2024

Industry revenues are projected to reach a historic high of $964 billion ANALYSIS | AGENCIES | The profits projected for airlines in 2024 are expected to stabilize, despite net profitability forecasted to be well below the cost of capital, according to the International Air Transport Association (IATA). Industry insiders anticipate that …

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UEGCL charts course for growth and sustainability in ambitious 2028 strategic plan

The company’s financial performance for the fiscal year 2022/2023 demonstrated robust growth, with a remarkable 63% increase in revenue, reaching Shs343.7 billion Kampala, Uganda | JULIUS BUSINGE | State-owned Uganda Electricity Generation Company Limited (UEGCL) is poised for transformative growth and sustainability as it implements its strategic plan for the period …

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BAT Uganda’s revenue decline

COVID-19 and harsh regulations blamed Kampala, Uganda | RONALD MUSOKE | Cigarette distributor, British American Tobacco (BAT) Uganda executives have attributed the company’s recent drop in revenue to the lingering impacts of the COVID-19 pandemic and stringent tobacco control regulations enforced by the government. In their half-year performance report ending June …

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URA surpass FY2022/23 revenue target

The target for revenue collection in the fiscal year 2023/24 has been set at Shs29trillion Kampala, Uganda | JULIUS BUSINGE | Uganda Revenue Authority has reported Shs57bn as surplus revenue collected for the FY2022/2023, registering a big achievement given the recent years’ mixed performance that was dented by COVID-19 lockdowns and …

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Politicizing revenue collection is affecting tax compliance – URA

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority is blaming politicization of revenue collection in the Ugandan public, as one of the reasons affecting compliance with tax obligations hence low revenue collections in the country. Though the amounts collected increase regularly, URA has always failed to achieve its set targets, …

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Apple reports second quarter results

San Francisco, USA | Xinhua | Apple on Thursday announced financial results for its fiscal 2023 second quarter ending April 1, with a quarterly revenue of 94.84 billion U.S. dollars, down 3 percent year over year. The company posted its quarterly earnings per diluted share of 1.52 dollars, unchanged year over …

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BATU registers Shs 9.9bn net profit

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 …

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UEDCL registers a 9% increase in revenue to Shs80bn

The company distributes power in nine service territories covering 74 districts countrywide Kampala, Uganda | JULIUS BUSINGE | State-owned Uganda Electricity Distribution Company Limited has reported a 9% increase in revenues to Shs80.1bn for the period ended June 2022 citing an increase in operational efficiency and increased customer connections. UEDCL Managing …

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