COVID-19: UMEME’s half year gross profit drops by 22 percent

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Uganda’s biggest power distributor UMEME Limited has announced its half year financial statements  for the six months ended 30th June 2020 indicating a reduction in gross profit by 22 percent to UGX232 billion from UGX 296 billion in the same period in 2019. This, according to the utility firm, was due to the negative effects of COVID-19 that resulted into reduced electricity demand, energy