UETCL posts sh95b profit
The company's financial results indicate that the sh95b profit, representing a 152% increase from sh37.7b, was aided by appreciation of the Ugandan shilling against foreign currencies, reducing the company’s expenses when meeting its financial obligations.
PREMIUM Business
The company recorded a 7% growth in energy sales by volume and revenue/Photos by Benon Ojiambo
NewVision Reporter
@NewVision
The Uganda Electricity Transmission Company Limited (UETCL) has ridden on the strong performance of the Ugandan shilling last year against foreign currencies to record sh94.9 billion in profits