Uganda’s mid-year financial reporting season thrills investors

Investors in Uganda are looking forward to better returns as listed firms begin to report their half-year earnings.

Latest stock trading data shows significant investor appetite towards Stanbic Holdings Uganda, MTN Uganda, Bank of Baroda and Umeme Ltd shares in recent weeks.

MTN Uganda’s total revenues grew by 20.17 percent to Ush1.52 trillion ($405.9 million) by the end of June, in a positive trend driven by strong growth posted by its voice and mobile money business units. Its operating expenses rose by 17.91 percent to Ush738.25 billion ($197 million), while profit after tax…