Uganda Clays Profit Shoots to Shs2.1b

4 September 2017

Kampala — In its half year results, Uganda Clays Limited (UCL) has posted a profit after tax of Shs2.1b up from the Shs1.2b in June last year.

The manufacturer, whose luck changed for the better in 2016 after National Social Security Fund (NSSF) transferred its Shs20b debt to shares, has recovered with a 70 per cent upsurge in profit, incurring no finance cost during the period.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.