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
Dividends; Subject to the approval of the shareholders, the directors recommend to members that a final dividend of Ushs 28.2 per ordinary share be paid for the year ended 31 December 2018.
To find out more about UMEM performance highlights, Please see the attached extract below.