Umeme Ltd 2014 AR2
The report highlights Umeme Limited's financial and operational performance for the fiscal year 2014. The company achieved a 13% increase in customer connections, bringing its total customer base to 650,573, and grew electricity sales by 7% to 2,277 GWh. Distribution efficiency improved, with energy losses reducing to 21.3% from 24.3% in 2013, and a revenue collection rate of 99.1% was achieved. Capital investments reached a record USD 97 million for the year, focusing on substations, line refurbishments, and prepaid metering rollouts. Despite these operational successes, profit after tax decreased to Ushs 70 billion due to foreign exchange losses from the depreciation of the Uganda Shilling.
Company: Umeme Ltd
Sector: Utilities
Country: Uganda
Year: 2014
Type: AR2
Pages: 110
Umeme Ltd
Annual Report
The report highlights Umeme Limited's financial and operational performance for the fiscal year 2014. The company achieved a 13% increase in customer connections, bringing its total customer base to 650,573, and grew electricity sales by 7% to 2,277 GWh. Distribution efficiency improved, with energy losses reducing to 21.3% from 24.3% in 2013, and a revenue collection rate of 99.1% was achieved. Capital investments reached a record USD 97 million for the year, focusing on substations, line refurbishments, and prepaid metering rollouts. Despite these operational successes, profit after tax decreased to Ushs 70 billion due to foreign exchange losses from the depreciation of the Uganda Shilling.
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Document Details
Report Year
2014
Reporting Period
Jan 1, 2014 - Dec 31, 2014
Fiscal Year
2014
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Workplace Fatalities
Employees