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NAIROBI, KENYA: TransCentury Limited said on Tuesday it swung to a Sh1.19 billion ($11.75 million) pretax profit in the first half of 2016 from a loss of Sh646.34 million in the same period the year before, helped by lower finance costs.
The company said in a statement its net finance costs fell to Sh202.2 million from Sh496.96 million, which helped offset a 20 percent drop in its revenues to Sh4.14 billion during the period ended June 30.
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