BACK TO PROFIT MAKING WAYS: Uganda Clays Bounces from UGX88m Loss to Register UGX4.9Bn Profit for 2020

Cost management initiatives, resulting in a decrease in production costs saw Uganda Clays Limited register an impressive UGX4.9 Billion in 2020, bouncing back from an UGX88 million loss in 2019. This is contained in the Company financial statement for the year ended 31st December 2020. “The year 2020 was unprecedented because of the impact of the Covid-19 pandemic on most businesses. Despite