Profit warnings rattle nerves at USE in year of depressed financial performance
The number of profit warnings issued by locally listed companies stood at five at the beginning of February, according to latest regulatory filings. PHOTO | SHUTTERSTOCK
A wave of profit warnings issued by listed companies since September 2023 has sparked uncertainty at Uganda Securities Exchange (USE), as the affected companies grapple with the fallout from harsh business and economic conditions.
Low government spending, household financial distress and struggling enterprises dominated Uganda’s economic landscape last year, a pattern blamed for the depressed financial performance in many companies.
