Don Wanyama returns Vision Group to profitability fueled by a record growth in revenue
MAN OF THE WEEK: Don Wanyama disproves sceptics, returns Vision Group to profitability fueled by a record growth in revenue Vision Group, Uganda’s largest multi-media company, this October released its full-year results for the year ended June 2022, reporting a 36% jump in gross revenue. The industrial-area-based Vision Group reported that turnover in 2022 touched the UGX 111.4 billion mark, compared to UGX 81.9 billion in 2021. This is the first time; the company is crossing the UGX100 billion mark in its over 35 years of history. Don Wanyama is the Chief Executive Officer at Vision Group PLC (PHOTO/Courtesy). The increase in revenue, however, came at a stiff cost—the cost of sales increased by 47.7% from UGX59.9 billion to UGX88.4 billion. In a statement, Vision Group, said this was largely due to a UGX24.9 billion for printing published educational materials/books. However, the company reported that it was able to reduce administrative and other operating expenses by 7.3% fr...
