Uganda Clays overcame a difficult year to register an increase in net profit during the period ended December 2020. The company, which has recorded a streak of mixed performance in the last five years, however, saw net revenue decline due to Covid-19 related disruptions and intense competition from direct and alternative products. During the period, […]
Power supply in the Bugisu sub-region is expected to stabilise after President Museveni launched an upgraded 50 megawatts Mbale substation near Bugema. The region, which hosts Mbale City, one of Uganda’s most commercial centres, had previously been supplied by two lines from Tororo with maximum capacity of 25 megawatts. The $17m (Sh64b) substation is expected […]
The company’s local sales increased by 18% during the year, and this helped to almost offset the the deficit left by the cessation of supply to Zambia, which has apparently defaulted on payment of whopping $12 million debt to Cipla for sullies made This growth however, is being affected by the growing local competition, which […]
Energy Minister Mary Gorret Kitutu takes President Museveni on a guided tour of the newly upgraded sub station in Mbale. PHOTO/COURTESY. Power supply in the Bugisu sub-region is expected to stabilise after President Museveni launched an upgraded 50 megawatts Mbale substation near Bugema. The region, which hosts Mbale City, one of Uganda’s most commercial centres, […]
Energy Minister Mary Gorret Kitutu takes President Museveni on a guided tour of the newly upgraded sub station in Mbale. PHOTO/COURTESY. Power supply in the Bugisu sub-region is expected to stabilise after President Museveni launched an upgraded 50 megawatts Mbale substation near Bugema. The region, which hosts Mbale City, one of Uganda’s most commercial centres, […]
The fall in the shares of the companies could be attributed to a fall in demand as foreign investors withheld their money, while others sold off their share to either keep cash or reinvest in their home countries and other markets considered safer. The market value of the companies listed on the Uganda Securities Exchange […]
The fall in the shares of the companies could be attributed to a fall in demand as foreign investors withheld their money, while others sold off their share to either keep cash or reinvest in their home countries and other markets considered safer. The market value of the companies listed on the Uganda Securities Exchange […]
The total market capitalisation of firms listed at the Uganda Securities Exchange fell to Ush4.27 trillion ($1.15 billion) in 2019/20, from Ush4.91 trillion ($1.32 billion) in 2018/19. According to Capital Markets Authority report, the drop was driven by substantial declines in share prices of locally listed companies, a trend that was escalated by the Covid-19 […]
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 operating costs to Shs4.5billion in […]
Uganda Clays Limited (the Company) wishes to inform its shareholders and the general public that the Company’s unaudited financial statements for the six-month period January – June 2020, which are due to be published soon, are likely to return a loss position. Full Details
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