Umeme Limited posts $29m profit for first half of 2022

Umeme technicians at work in Kampala.

Umeme technicians at work in Kampala. The firm posted a $29 million profit before tax in the six months to June 2022, up from the $17.8 million posted in June 2021. PHOTO | FILE

Umeme Limited posted a $29 million profit before tax in the six months to June 2022, up from the $17.8 million posted in June 2021.

This was shaped by a decline in operating costs and the full reopening of Uganda’s economy in January following a pandemic lockdown.