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On January 21, 2025, TransCentury Limited reported a net profit of KES 375 million for the first half of 2024, marking a notable recovery after previous financial struggles. The company's revenue increased by 12% to KES 3.09 billion, with a gross profit of KES 871 million, reflecting a 2.7% rise. This turnaround is attributed to improved performance across key business segments and asset sales. Additionally, TransCentury's share price surged by 30.91% on January 21, reaching KES 0.72, while its year-to-date gain stands at 84.62%. The Nairobi Securities Exchange (NSE) also saw positive movement, with the NASI index hitting new 52-week highs. In contrast, Kenya Airways was the top loser of the day, declining by 9.92% to KES 6.90.
$TRP What to look out for next Quarter: -> Sale of their NGTL assets (generally a drag on returns) -> 66% of the 300+ Data centers under construction are within 50 miles of TRP's pipelines -> Pending permitting authorisation to add up to 4.8GW of nuke capacity https://t.co/pFn5zMyTcK
South African markets closed in the green yesterday, buoyed by gains in telecommunications sector stocks. Telecommunications companies, MTN Group, Blue Label Telecoms and Telkom SA SOC advanced 5.2%, 2.9% and 1.7%, respectively. https://t.co/bPOnbKbH9R
Transense Technologies $TRT.L H1 FY25 Trading Update: ▫️Total revenue +37% *iTrack +28% *Translogik +7% *SAW +330% ▫️Net earnings -20% *due to high investments ▫️Net cash of £1.19m ▫️Further investments of £2m planned to improve the operational capability… https://t.co/2hClHz4V4h