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Tag Archives: Shareholders

MTN Uganda proposes to pay Shs123bn dividend

Kampala, Uganda | THE INDEPENDENT | MTN Uganda has proposed to pay a final dividend of Shs 123bn or Shs 5.5 per share to shareholders following double-digit growth in profits for 2022. The annual financial results show that the Uganda Securities Exchange-listed firm recorded a 19.3% growth in profit after tax …

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Commercial banks resume payment of dividends

Kampala, Uganda | THE INDEPENDENT | Shareholders in banking service companies will in a month’s time start receiving dividends for their investments, for the first time since 2019. Stanbic Bank Uganda and Bank of Baroda will be the first to pay dividends to their shareholders, starting July 24th and August 4th, …

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Uganda clays returns to making profit

Kampala, Uganda | THE INDEPENDENT | Uganda Clays Ltd, Uganda’s oldest clay building materials manufacture, has returned to making profit despite a slight decline in revenues in year ended December 2020, according to the financial statements.  The company reports that profit after tax for the period increased by 5639% to Ushs 4.9 …

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Cipla quality chemicals issues profit warning

Kampala, Uganda | THE INDEPENDENT  | Drug maker Cipla Quality Chemicals industries limited has issued a profit warning, informing shareholders and people who intend to buy its shares that it will record a loss for period between April to September, 2019. The company says this is due to low sales of …

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