• About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud
Friday, May 20, 2022
  • Login
  • Register
No Result
View All Result
NEWSLETTER
Kenyan Wallstreet
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Personal Finance
    • Technology
    • Startups
  • Lifestyle
  • Podcast
  • Videos
  • Events
  • Blockchain & Digital Currencies
  • Calendar
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Personal Finance
    • Technology
    • Startups
  • Lifestyle
  • Podcast
  • Videos
  • Events
  • Blockchain & Digital Currencies
  • Calendar
No Result
View All Result
Kenyan Wallstreet
No Result
View All Result

Transcentury Reports KSh1.4 Billion Half-Year Loss, Plans to Issue 2 Billion Additional Shares in Rights Issue

Miriam WanguibyMiriam Wangui
May 18, 2021
in Kenyan News, Markets
Reading Time: 2 mins read
Transcentury

Transcentury has reported a KSh1.4 billion net loss for the half-year period that ended on 30th June 2020 compared to a net profit of KSh297 million posted in the same period in 2019.

The company involved in the manufacture of power cables, infrastructure projects, and engineering reported a 21% drop in revenue in the first half of 2020 to KSh1.999 billion from KSh2.527 billion in the first half of 2019.

“The Group’s performance in the 1st half of 2020 was impacted by the effects of COVID-19 pandemic which disrupted demand and global supply chains, resulting in a 21% decline in revenue as compared to the same period in 2019,” Transcentury said in its financial report.

ADVERTISEMENT

The company’s total assets decreased to KSh12.6 billion at the end of 31st December 2020 from KSh13.0 billion on 31st December 2019.

Transcentury announced plans to issue 2 billion new ordinary shares, in addition to the already issued 1.2 billion ordinary shares, through a rights issue. The rights issue will be on the basis of five (5) new shares for every one (1) ordinary share held. The company said that the rights issue will be subject to any required regulatory approval including approval from the Capital Markets Authority.

Also read: Transcentury Intends to Delist from NSE


Hisa App Hisa App Hisa App
Previous Post

NSE Weekly Turnover hits KSh 3.1 Billion As Banks Run the Show

Next Post

Car & General’s Half-year Profit Rises to KSh460.6 Million on Increased Demand for Motorcycles

Related Posts

Postal Corporation of Kenya Signs Deal with Somaliland

May 20, 2022

Safaricom Investment Cooperative Issues 150 titles in Nanyuki Project

May 20, 2022

Ascent Capital Acquires Majority Stake in Valley Hospital

May 20, 2022

Stanbic Holdings Announces Retirement of Ruth Ngobi as Director

May 20, 2022

Bamba Secures $3.2M to Upscale its App

May 20, 2022

CBK Accepts KSh 22.9B at Weekly T-Bills Auction

May 20, 2022

Mastercard Inks Deal with Opay to Grow Digital Payments

May 20, 2022

Madison Announces Plans to Quit the Annuity Business

May 20, 2022
Load More
Next Post
Car & General Declares KSh 32 Million Dividend Payout

Car & General's Half-year Profit Rises to KSh460.6 Million on Increased Demand for Motorcycles

ADVERTISEMENT

Follow Us

  • 136.4k Followers
  • 2.4k Subscribers
  • 1.1k Followers

WhatsApp

Subscribe

Telegram  

Subscribe

Podcasts

Upcoming Events

May
20
Fri
all-day Equity Group Book Closure
Equity Group Book Closure
May 20 all-day
 
all-day Stanbic Holdings Book Closure
Stanbic Holdings Book Closure
May 20 all-day
 
May
24
Tue
all-day BAT Kenya Payment of Final Dividend
BAT Kenya Payment of Final Dividend
May 24 all-day
payment of final dividend of kes 50.00
May
25
Wed
6:09 am Standard Chartered Dividend Payment
Standard Chartered Dividend Payment
May 25 @ 6:09 am – 8:30 pm
payment of final dividend of kes 14
May
26
Thu
all-day ABSA Bank Kenya Dividend Payment
ABSA Bank Kenya Dividend Payment
May 26 all-day
 
all-day I&M Group Final Dividend Payment
I&M Group Final Dividend Payment
May 26 all-day
 
View Calendar
Add
  • Add to Timely Calendar
  • Add to Google
  • Add to Outlook
  • Add to Apple Calendar
  • Add to other calendar
  • Export to XML

Featured

No Content Available

About Us

We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe. Kenyanwallstreet.com is a property of Hisa Technologies Ltd, a financial media & software company.

Contact Us

Kenyan Wall Street
Email: [email protected]
Website: www.kenyanwallstreet.com

Disclaimer

The information contained in this website is for general information purposes only.
Read more..

  • About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud

Copyright 2021. Hisa Technologies. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Aviation
    • Banking
    • Energy
    • Infrastructure
    • Insurance
    • Investment
    • Manufacturing
    • Markets
    • Public Policy
    • Real Estate
    • Startups
    • Technology
  • Podcast
  • Videos
  • Events

Copyright 2021. Hisa Technologies. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In