Uganda Clays Reports Full-Year Loss, Citing Increased Cost of Production

Uganda Clays Ltd., the country’s biggest manufacturer of roofing tiles, posted a full-year loss as production costs increased.

The loss totaled 707.1 million Ugandan shillings ($326,074) in the 12 months through December, compared with a profit of 2.15 billion shillings a year earlier, the company said in a statement published in the Kampala-based New Vision newspaper today.

To contact the reporter on this story: Fred Ojambo in Kampala at fojambo@bloomberg.net

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