BATU REVENUE SHOWS SIGNS OF HOPE
BATU revenue shows signs of hope Fredrick Masiga The company's
total contribution to the Treasury last year amounted to Shs42
billion up from Shs40.3 billion in 2005 even as BATU's counter
on the Uganda Stock Exchange continues to remain largely
inactive with its share price stagnating at Shs470 . . .
"For the first time in our history the warehouses are empty from
previous years crop and it has helped us to move out of third
party warehouse which has given a saving of $0.4 million (Shs642
million) in 2007 and $1.0 million (Shs1.6 billion) for next
year," a BATU document reads. The changes are already bearing
fruit according to Mr Eroglu.
"This message has been very well accepted by the farmers and
when we look at our crop size we [expect] about 16 million kgs
[of] tobacco already grown. It was 11.5 million kilogrammes last
year, and there is about 40 per cent increase we are very happy,"
he said.
