TransCentury Limited, one of Kenya’s forefront companies in terms of investments in infrastructure projects with interests in East African Cables, Kewberg Cables, Avery Africaand operation of the Kenya-Uganda Railway Concession, announced its results for the financial year ended December 2011 on Friday 23^rd March 2012.

In his Chief Executive Officer’s statement, CEO Gachao Kiuna said that the year was a landmark one for the company highlighted by listing on the Nairobi Securities Exchange, issue of the first ever listed convertible euro bond by an East African issuer and important acquisitions in the power and engineering divisions of the company. The company also expanded its geographical coverage with presence in 14 countries across East, Central and Southern Africa as at December 2011.

Revenues increased from Kshs. 6.8 billion to Kshs. 10.7 billion in the year. Total assets grew a remarkable 93% from Kshs. 11.2 billion to Kshs. 21.7 billion. Profits after income tax grew from Kshs. 462million to Kshs. 616 million representing a 32.9% growth in their profit after (income) tax. The board recommendeda dividend of Kshs. 0.25 per share, a 25% increase in their dividend payout from last year's Kshs. 0.20 dividend per share.

The company lists mega real estate projects Tatu City, Konza City,Vipingo Ridge, Migaa and Longonot Gate, improved macroeconomic conditions with a stabilized exchange rate, improvement of the Kenya-Uganda railway and increased exploration of oil and gas in the region as possible growth areas in their business.