Uganda Clays Limited, the producer of baked clay building products, has recorded a drop in operating costs but losses increased for the second consecutive year, as it faced stiff competition in the construction sector amidst coronavirus pandemic. Kampala, Uganda | ISAAC KHISA | The company recorded a 6% reduction in …
Read More »Bad start for Uganda’s stock market
Executives hope that the future is bright as listed entities post profits Kampala, Uganda | JULIUS BUSINGE | Companies trading on the Uganda Securities Exchange have opened the New Year with poor performance. Umeme, Quality Chemical Industries Limited (CQCIL) shares have fallen below the Initial Public Offering (IPO) price. This …
Read More »Why Uganda Clays recorded Shs722million loss
Performance was dented by routine factory maintenance and spikes in operating costs Kampala, Uganda | JULIUS BUSINGE | Clay products maker, Uganda Clays Limited, has recorded a Shs722million loss. But company officials say the future is bright. Financial results released on Sep.04 indicate that the loss in question was for …
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