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Uganda Clays makes decent profit amid a tough year July 8, 2021 Written by Ernest Jjingo Uganda Clays Limited celebrated its 70 years in the country with a Shs 4.9 billion profit for the calendar year 2020, a turnaround from the loss it recorded the previous year. It is not exactly clear what pushed up the profit of the company although a statement from the company points to investments in the nearly risk-free government securities and a slash in costs as partly responsible for a decent revenue stream. For a company that has struggled with poor performances in recent years, coupled with a number of management shake-ups, this profit is bound to raise the hopes of many shareholders considering ....
Uganda Clays makes decent profit amid a tough year observer.ug - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from observer.ug Daily Mail and Mail on Sunday newspapers.
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. Advertisement 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. ....