UGI made a profit of K2.168 billion last year after losing K0.326 billion in 2023. The insurance firm boosted its money intake from K7.991 billion to K10.628 billion through new customer sign-ups. Company leaders Harold Jiya and Lester Tandwe signed off on these results. UGI showed it can bounce back from hard times with smart business moves.
The company's total worth increased to K8.549 billion from K3.523 billion. Fresh cash added K2.795 billion to their accounts. Money earned from investments jumped to K2.773 billion, up from K2.013 billion, because they spread out where they put their cash. UGI spent less on insurance services, cutting costs from K9.882 billion to K7.281 billion.
Their stuff grew in value to K20.343 billion from K14.453 billion. Cash piles more than doubled to K6.120 billion from K2.676 billion. Office costs rose to K1.387 billion from K0.946 billion as prices went up for many items. UGI became part of the National Bank of Malawi instead of just working with them. The firm changed how it runs to focus more on sales and helping customers.
The company's total worth increased to K8.549 billion from K3.523 billion. Fresh cash added K2.795 billion to their accounts. Money earned from investments jumped to K2.773 billion, up from K2.013 billion, because they spread out where they put their cash. UGI spent less on insurance services, cutting costs from K9.882 billion to K7.281 billion.
Their stuff grew in value to K20.343 billion from K14.453 billion. Cash piles more than doubled to K6.120 billion from K2.676 billion. Office costs rose to K1.387 billion from K0.946 billion as prices went up for many items. UGI became part of the National Bank of Malawi instead of just working with them. The firm changed how it runs to focus more on sales and helping customers.
