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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Uganda Clays Limited has predicted losses as the company prepares to release unaudited financial results for the half year period. Board Chairman Eng. Martin Kasekende, in a notice says: “Uganda Clays Limited (the Company) wishes to inform its shareholders and the general public that the Company’s unaudited financial statements for the six-month period January – June 2020, which are due to be published soon, are likely to return a loss position.” He adds: “Accordingly, the shareholders are advised to exercise caution when dealing in the Company’s securities.” Uganda Clays Limited share price at the Uganda Securities Exchange has fallen from…
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