Daily Stock Market
As a result of our investments strategy and operational performance, we registered growth in financial performance for the year ended 31 December 2018.
Whereas electricity sales increased by 13% to UShs 1,601 billion in the year 2018, net revenues (after adjustments) increased by 0.8% to 1,493 billion in 2018 compared to 2017. The growth in electricity sales was driven by increased demand and tariff applicable during the year
The Board of Directors has accepted resignations of the following Non – Executive Directors effective 28th February 2019; Ms Beth Mandel, Mr. Zain Latif and Mr. Chandru Chawla.
To find out more about resignations, Please see the attached extract below
Overall Turnover slightly declined by 2.35 % from last year. Circulation , overall Advertising and Events’ revenue streams registered growth of 5.24% , 0.82% and 20.96% respectively while Commercial Printing revenue declined by 33.11% from the same period last year.
Print and Digital advertising revenues grew by 4.82% and 32.0% respectively while Radio and Television revenues declined by 11.92% and 2.21% respectively.
The decline in revenue was largely due to the continued drop in print advertising media spend and a general low economic activity level in the industry.
British American Tobacco Uganda on Thursday February 14, 2019 published an extract of the Financial Half Year Results for the year ended 31st December 2018.
According to the publication; BATU's gross revenue increased by 3% driven by excise led pricing in the market.
The Board of Directors recommended a final dividend per share of Ushs 280 per share to be presented for approval at the Annual General Meeting to be held on 22nd May 2019.