Tag Archives: profit

This is the company’s first full-year financial results following the exit of Indian drug manufacturer, Cipla, six months ago, to concentrate in developed markets in Europe and Asia Kampala, Uganda | JULIUS BUSINGE | Quality Chemical Industries Limited (QCIL) has reported a 68% growth in net profit to Shs32 billion for the year ended March 31, …

The company remains focused on maintaining the growth momentum and ensuring EBITDA margin resilience, in line with its ambition 2025 objectives Kampala, Uganda | THE INDEPENDENT | MTN Uganda net profit for the first three months to March rose 24% to Shs150bn driven by solid growth in its voice, data and …

Kampala, Uganda | JULIUS BUSINGE | Stanbic Uganda Holdings Ltd (SUHL), part of the Standard Bank Group, Africa’s premier bank by assets, recorded a 15.2% increase in profit after tax, reaching Shs412 billion for the year ending December 31, 2023. Operating under the ticker SUHL on the Uganda Securities Exchange, the …

The company continues to demonstrate resilience amidst a challenging operating environment, characterised by a high prevalence of illicit trade Kampala, Uganda | JULIUS BUSINGE | Cigarette seller, British American Tobacco has reported a reduction in net profit from Shs9.8bn for the year ended December 2022 to Shs8.9bn for the year ended …

Kampala, Uganda | THE INDEPENDENT | Cipla Quality Chemicals Limited has reported a substantial 74% dip in profit after tax to Shs 3.56 billion for the six months ending September 30. The dip is attributed to a significant increase in operating expenses and a shift in the product mix. The company’s …

Kampala, Uganda | THE INDEPENDENT | Uganda’s drug manufacturer, Cipla Quality Chemicals Ltd, has issued a profit warning for the six months period ended Sept.202, 2023, citing changes in product mix. The Uganda Securities Exchange-listed firm now expects to report lower net earnings than what it reported during the same period …

The company’s key drivers for growth included surge in customer base, data and fintech services Kampala, Uganda | THE INDEPENDENT | MTN, Uganda’s biggest mobile phone operator by market value, has reported a 21.1% rise in its third-quarter profit after tax, buoyed by an increasing customer base and heightened demand for …

Illicit cigarette inflows continue to be the biggest headache to the country’s product distributor Kampala, Uganda | JULIUS BUSINGE | BAT Uganda, a distributor and seller of cigarettes in Uganda has reported a 2% decline in net profit to Shs3.8 billion for the six months of this year ending June 30, …

This comes as the economy continues to recover from the consequences of the Covid 19 pandemic, the Russia-Ukraine war, and the tightening of global financing conditions Kampala, Uganda |  THE INDEPENDENT | Uganda’s biggest bank, Stanbic Bank, has reported a 23.5% rise in the first-half profit after tax to Shs 200bn …

Kampala, Uganda | THE INDEPENDENT | With barely 18 months to run out its 25-year concession, power distributor, Umeme Ltd has made a 49 percent growth in operating profit for the first half ended June 2023. The company attributed the profit before amortisation and impairment, tax, and interest of 243,530 billion …