The Directors of Uganda Clays Ltd have announced the condensed financial statements for the year ended 31 December 2021 indicating a steep growth of revenue despite Covid-19 challenges. In an extract from the audited financial statements, the company managed to increase profits by 24% to UGX 36.7 billion compared to UCK UGX 29.7 billion in the year 2020, notably due to improved efficiencies in production and a change in the sales mode to the use of agents to reach more customers across the country. The statement signed by Eng Martin Kasekende, Board Chair and Reuben Tumwebaze, Managing Director reveals that…
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