AT Uganda has called upon the Government to ramp up efforts to curb illicit trade in cigarettes, which it says is impacting the sustainability of its business. In its 2022 performance results announced today, the Company recorded a 6% revenue growth, to UGX 99.5 billion. Profit after tax dropped by 4% from UGX10.3 billion to UGX9.9 billion, driven by a higher cost of operations which more than offset the increase in revenue. The total cost of operations grew by 15% to UGX34.5 billion in line with higher sales volumes and inflationary increases in input costs net of savings, the company…
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