Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY How safe is the COVID-19 vaccine : The Believers and the Doubters ANALYSIS The Queen Elizabeth Park lion massacre: How anti-trafficking tactics netted suspected killers THE LAST WORD The paradox Magufuli’s presidency: How fallen Tanzanian president was […]
Shareholders of Uganda’s listed power distributor Umeme Ltd face lower dividends after the firm succumbed to more than 60 percent fall in net profit for the year ended December 31, 2020. The firm, which is listed on the Uganda Securities Exchange (USE) and cross listed on the Nairobi Securities Exchange (NSE), made a profit after […]
Kampala, Uganda | THE INDEPENDENT | Electricity Company Umeme Ltd has posted a net profit of 41.1 Billion Shillings from its 2020 operations. This is a decline of 69% from the 139.2 Billion Shillings it recorded in the year 2019. The huge fall in the profits is largely attributed to the effects of covid 19 […]
Listed companies including Umeme and dfcu Bank have cautioned shareholders and the public to exercise caution as they deal in the two companies’ stocks due to an expected drop in profits. In statements issued through the Uganda Securities Exchange, power distributor, Umeme said it expects its net profit to decline by more than 60 per […]
Power distributor Umeme Limited on Tuesday blamed a “challenging operating and regulatory environment” for the sharp fall in 2020 profits, with net income dropping 69 per cent to Shs43bn on the back of weak revenue growth. The utility’s revenue fell 6.5 per cent to Shs1.6 trillion, reflecting a slide in revenue from construction services provided […]
Shareholders of Uganda’s listed power distributor Umeme Ltd face lower dividends after the firm succumbed to more than 60 percent fall in net profit for the year ended December 31, 2020. The firm, which is listed on the Uganda Securities Exchange (USE) and cross listed on the Nairobi Securities Exchange (NSE), made a profit after […]
Shareholders of Uganda’s listed power distributor Umeme Ltd ( NSE:UMME , USE:UMEM ) face lower dividends after the firm succumbed to more than 60 percent fall in net profit for the year ended December 31, 2020. The firm, which is listed on the Uganda Securities Exchange (USE) and cross listed on the Nairobi Securities Exchange […]
Umeme says ity has invested in replacing rotten wooden electricity poles with concrete ones, starting with those in marshes in the East and North East. Paul Jagenda, 27, a software developer, prefers Working from Home (WFH) to operating in office. While huddling in the workplace comes with croissants on the house, the small talk can […]
Technicians from the power utility firm Umeme at work in Kampala, Uganda. FILE PHOTO | NMG Shareholders of Uganda’s listed power distributor Umeme Ltd face lower dividends after the firm succumbed to more than 60 percent fall in net profit for the year ended December 31, 2020. The firm, which is listed on the Uganda […]
Power distributor Umeme Limited on Tuesday blamed a “challenging operating and regulatory environment” for the sharp fall in 2020 profits, with net income dropping 69 per cent to Shs43bn on the back of weak revenue growth. The utility’s revenue fell 6.5 per cent to Shs1.6 trillion, reflecting a slide in revenue from construction services provided […]
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