Umeme crosses 1 million customers mark, but sees reduced profit

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High financing costs and increased costs of operation dampened power distributor, Umeme’s net profit for 2017, results announced by the company today show. Despite an 8.7% growth in revenue from Shs1.36 trillion in 2016 to Shs1.48 trillion in 2017; a 40% rise in cost of financi

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