Kenya's Transcentury swings into 2.11 bln shillings loss in 2014

by Reuters 0

Kenyan investment firm Transcentury reported on Friday a pretax loss of 2.11 billion shillings ($22.42 million) for 2014, after posting a 859 million shillings profit the previous year.

It blamed the loss on a 36 percent drop in revenue from its engineering division, caused by delays in some projects.