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 the tough times, the company’s business continued to show resilience but was not immune to the impact of the Covid-19 pandemic. Our main focus was maintaining production to build inventory and employee safety,” company statement says in part…
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