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DETAILS: Umeme Profit Falls By 69% To Shs41bn As Energy Losses Increase To 17.5%

 Umeme has resumed operations on illegal power connections Umeme Ltd, Uganda’s leading power distributor, has posted a net profit of Shs41.1bn in 2020, down from Shs139.2bn in 2019. This represents a decline of 69%. According to financial results for the year ended 31st December 2020 released yesterday, Umeme’s energy losses increased to 17.5%

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