TransCentury profits rise to Sh1.2 billion

INVESTMENT firm TransCentury has reported a 41 per cent growth in profits before tax to Sh1.2 billion for the year ended December 31, up from Sh869 million the previous year. The company, associated with a club of wealthy Kenyan businessmen, said net profits rose to Sh740 million, up from Sh616 million helped after revenues grew 26 per cent to hit Sh14.5 billion, up from Sh10.7 billion in 2011. The board recommended the payment of a final dividend of Sh0.40 per share, up from Sh0.25 in 2011. It will hold an annual general meeting on 30 May to approve the same...