Inside Umeme’s 74.4% drop in after tax profit
Posted onAs the questions around Umeme continue to be the subject of continued news coverage, the utility company on Wednesday released its financial results to 2017. The results reveal a 74.4% drop in after-tax profit to Shs35bn at the end of 2017, compared to Shs138.4bn in 2016. The reduction in profitability does not reflect the 8.7% […]