Shareholders approved a final dividend of Shs6.4 per share, taking the total payout for the year to Shs16.6 per share, up 23 percent from Shs13.5 in the previous financial year Kampala, Uganda | JULIUS BUSINGE | Quality…
The story
The Independent July 6, 2026 Business, Health, In The Magazine, NEWS Leave a comment
Shareholders approved a final dividend of Shs6.4 per share, taking the total payout for the year to Shs16.6 per share, up 23 percent from Shs13.5 in the previous financial year
Details
Kampala, Uganda | JULIUS BUSINGE | Quality Chemical Industries Limited (Qcil) has said it remains confident in its long-term growth prospects, even as it warned that profitability could come under pressure from rising global competition, shifting procurement patterns and higher input costs in the near term.
The outlook was presented at the company’s annual general meeting in Kampala on June 30, where shareholders also approved a higher dividend following what Qcil described as its strongest financial performance since it was established in 2005.
The pharmaceutical manufacturer said it expects increasing competition, changing market conditions, supply chain disruptions and fluctuations in the cost of active pharmaceutical ingredients to weigh on margins over the coming years.
However, it said continued investment in manufacturing capacity, cost efficiency and product expansion would strengthen its competitive position over the long term.
“Our performance reflects the strength of our operating model,” Chief Executive Officer Ajay Kumar Pal told shareholders. “We are building a more efficient and diversified business, anchored in uncompromising quality and focused on the availability, affordability and accessibility of our medicines.”
To support future growth, Qcil is expanding its manufacturing footprint in Uganda. Construction has begun on a new facility at the company’s Luzira plant, which is expected to double production capacity within the next 24 months and introduce new product lines, including injectable medicines. The project is being financed through a combination of internally generated funds and bank borrowing.
Why it matters
This is a public-interest story for Uganda because it touches institutions, communities, policy decisions, or services that affect daily life. Mods99 News will continue updating the article if more verified details become available.