By Our Reporter
Media Giant Vision Group has recorded a 12.7% rise in profit after tax to register Ushs 3.7 billion in the six months to December 2015 compared to Ushs 3.3 billion in the same period in 2014. This has been attributed to a 12.1% increment posted in the company’s revenues.
Cost of sales were up 14.9% to Ushs 35.16 billion due to expenses on material inputs required to support the growth in sales. Administrative expenses increased marginally by 2.7% to Ushs 7.58 billion from Ushs 7.38 billion in the half year to December 2014.
Total Assets posted a slight increment of 7% to Ushs 73.83 billion. Notably, trade and other receivables rose by 29.7% to Ushs 24.13 billion from Ushs 18.61 billion in the year ended June 2015.
The Group’s Chief Finance Officer, Zubair Musoke said high trade and receivable figures comes with the nature of their business and added that most of these receivables had started materializing by the beginning of this year.
