Cipla Quality Chemical Industries Limited, the latest entrant on the Uganda Securities Exchange (USE), has issued a profit warning, informing Shareholders and potential investors to exercise caution when dealing with the shares of the company on grounds that it will most likely record a loss for the financial year 2019/2020.
In a statement issued yesterday, the company’s Secretary attributed the loss to delays in collection of receivables from Republic of Zambia. She added that the Company’s revenue reduced after suspension of Sales to Zambia, which impact was partly offset by increased sales to international donor Organizations.
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