TransCentury swings back to profitability after a decade

TransCentury PLC Chairman, Shaka Kariuki (middle), CEO, Ng'ang'a Njiinu (left) and Company Secretary, Virginia Ndunge (right) during TransCentury's 26th Annual General Meeting held at the Nairobi Securities Exchange. [Courtesy]

Kibaki-era infrastructure firm TransCentury has emerged from loss-making and reported a Sh580 million profit after tax in the year to December 2024, from a loss of Sh3.2 billion in 2023.

It is the first time that the firm has reported a full-year profit since 2013, when it reported a Sh2.28 billion loss.