TransCentury in Sh580m profit on stronger shilling

TransCentury Plc chairman Shaka Kariuki (centre), CEO Ng'ang'a Njiinu (left), and company secretary Virginia Ndunge during the firm's AGM in Nairobi.

Photo credit: Pool

A stronger Kenya shilling helped investment firm TransCentury to a full year profit of Sh579.9 million for the period ended December 2024 from a loss of Sh3.2 billion previously.

The swing back to profitability is attributable largely to a Sh1.2 billion exchange gain in the period from a loss of Sh1.4 billion previously.

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