Umeme shareholder funds drops to Sh2.53B
Umeme has reported a 71.5% drop in shareholders' funds to Sh2.53 billion after announcing a loss of Sh6.13 billion
PWBy: Ian
IN BRIEF:
- Umeme has reported a 71.5% drop in shareholders' funds
- Umeme share price dip after reporting half year lossUmeme share price has opened at Sh9.34, down Sh0.20, or 2%, after reporting s Sh6.13 billion loss for the half year period ended 30 June 2025.
- Umeme shareholders' funds drops to Sh2.53bnUmeme has reported a 71.5 per cent drop in shareholders' funds to Sh2.53 billion(Sh1.56 per share) after booking a loss of Sh6.13 billion (loss per share: Sh3.77) for the half year ended 30th June 2025.Umeme’s distribution assets and operations were to be handed over to the state- owned Uganda Electricity Distribution Company Limited (UEDCL) following a buyout, after 20-year electricity distribution concession in Uganda officially ended on 31st March 2025, following the government of Uganda’s decision not to renew its concession agreement with Umeme.Umeme is currently seeking to compel the government of Uganda to pay it $118 million(Sh38 billion) through international arbitration in London.
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