Daily Monitor
Monday May 03 2021
Despite the tough times, Uganda Clays continued to show resilience but was not immune to the impact of Covid-19 disruptions
Summary
Uganda clays continues to battle inherited losses attributed to higher operating costs occasioned by the Kamonkoli factroy that had been put up in an ambitious expansion strategy.
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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.