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DFCU LIMITED 2018 FULL YEAR RESULTS

2018 performance highlights

Loans and advances grew by 5% as we focused on the asset quality of our consolidated book, which resulted in reduction in the impairment expenses by 61% from UGX 49 billion to UGX 19 billion.

Customer deposits remained stable at UGX 1.9 trillion as we focused on our strategy of growing the current and savings deposits that are a more cost-effective source of funding, which resulted in a 11% reduction in the interest expense from UGX 88 billion to UGX 78 billion.

Equity Group Holdings PLC Audited Financial Statement for the Period Ended 31st December 2018.

Dividents: Subject to approval of shareholders at the Annual General Meeting schdeduled for Tuesday 30th April 2019 at the Kenyatta International Convention Centre (KICC), Nairobi at 10am, the Directors have recommended a first and final dividend of Kshs. 2.0/= per each ordinary share of Kshs 0.50/= for the year ended 31st December, 2018. The proposed divident will be payable on or about 31st May 2019, net of withholding tax to shareholders on the register at the close of business on Friday, 26th April, 2019.

UMEME LIMITED 2018 FINANCIAL RESULTS

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

RESIGNATIONS FROM THE CIPLA BOARD OF DIRECTORS NOTICE

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

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