Half year financial performance

36% Profit Growth: Equity Group’s first half performance reflects business transformation, recovery

by Nelson NambooleNews & AnalysisAugust 24, 2022August 24, 2022

Equity Group half year results continue to reflect a sustained digital transformation with 99% of all customer transactions now happening outside the branch network.Releasing the results, Dr James Mwangi, Group…

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Half Year Financial Results: Umeme records 9% demand increment, sales jump to UGX. 876b

by Nelson NambooleCompany NewsNews & AnalysisAugust 22, 2022August 22, 2022

Umeme Limited has released its unaudited interim condensed financial results for the six months’ period ended June 2022.In the financial statement signed by the company Chairman and MD, Patrick Bitature…

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Strong Recovery! Absa Group reports 27% interim earnings increment

by Nelson NambooleNews & AnalysisAugust 17, 2022August 17, 2022

Absa Group headline earnings increased 27% to R11 billion (about UGX2,531,000,000,000) in the first half of the year as revenue increased, demonstrating a continued strong recovery from the global economic…

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Airtel Africa sees Strong growth across the Group, doubling profit after tax, increased cash generation, lower leverage and dividend upgrade

by CEO ReporterCompany NewsNews & AnalysisOctober 29, 2021November 1, 2021

Airtel Africa has recorded a strong first half financial performance, seeing revenue growth by 25.2% to $2,272m with double digit growth across all regions.The group recorded a strong double-digit constant…

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ONE ON ONE: dfcu Bank CEO Mathias Katamba explains the good half year results and how the bank is supporting economic recovery

by CEO ReporterCEOsCompany NewsThought LeadershipAugust 30, 2021August 30, 2021

In this one-on-one, the bank’s Chief Executive Officer Mathias Katamba talks about the good performance, how the bank is supporting economic recovery and what the customers should expect while doing…

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BAT Uganda posts modest half year profit, decries sustained increase in illicit trade of tax-evaded cigarettes

by CEO ReporterCompany NewsFinanceNews & AnalysisAugust 13, 2021August 13, 2021

British American Tobacco Uganda (BATU) Limited has said the first half of the year was characterised by a challenging operating environment occasioned by the Covid-19 pandemic as well illicit trade…

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Airtel Africa remains resilient with consistent double-digit growth and stronger performance in half year results

by CEO ReporterCompany NewsOctober 27, 2020October 27, 2020

As businesses struggle world over due to the effects of Covid-19, Airtel Africa has remained resilient posting double-digit growth in the year ending September 30, 2020.In a press release, the…

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2020 Half Year financial results: Stanbic Bank assets hit record UGX7.7 trillion

by Samuel MuhimbaCompany NewsAugust 21, 2020August 21, 2020

Uganda’s largest bank by assets and deposits, Stanbic Bank, has posted an incredible 26.5 percent growth in assets from UGX 6.1trillion to UGX 7.7 trillion, Half Year results for year…

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