Don Wanyama leads Vision Group’s revenue to reach a record UGX111.4 bn; company bounces back to full-year profitability

Vision Group, Uganda’s largest multi-media company, last week released its full-year results for the year ended June 2022, reporting a 36% jump in gross revenue. The industrial-area-based Vision Group reported that turnover in 2022 touched the UGX 111.4 billion mark, compared to UGX 81.9 billion in 2021. This is the first time, the company is crossing the UGX100 billion mark in its over 35 years of history. The increase in revenue, however, came at a stiff cost—the cost of sales increased by 47.7% from UGX59.9 billion to UGX88.4 billion. The company, in a statement, said this was largely due to…