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EA Cables and Transcentury FY 2018
Ericsson
#21 Posted : Monday, July 22, 2019 9:13:50 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,060
Location: NAIROBI
Transcentury subsidiary EA cables has extended maturity of its ksh.3.5bn debt by 10 years.
The debt restructuring has eased its debt by 44%.

Standard chartered bank is its biggest lender
VituVingiSana
#22 Posted : Tuesday, July 23, 2019 6:07:07 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,185
Location: Nairobi
Ericsson wrote:
Transcentury subsidiary EA cables has extended maturity of its ksh.3.5bn debt by 10 years.
The debt restructuring has eased its debt by 44%.

Standard chartered bank is its biggest lender
TCL know how to cut deals to cut/reduce debt!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#23 Posted : Thursday, August 01, 2019 10:44:48 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,060
Location: NAIROBI
Transcentury reports Kshs. 3.5 billion loss for FY18 (down 19% though)

Revenue down 25% to Kshs. 4.2 billion. Gross profit improved to Kshs. 880 million from 640 million

Operating expenses were 251% of gross profit & net finance costs 176%

NEGATIVE EQUITY of Kshs. -3.3 billion

Link;
https://pbs.twimg.com/me...rmat=jpg&name=medium
Metch
#24 Posted : Thursday, August 01, 2019 11:25:17 AM
Rank: Member


Joined: 12/22/2015
Posts: 164
Location: Mombasa, Kenya
Ericsson wrote:
Transcentury reports Kshs. 3.5 billion loss for FY18 (down 19% though)

Revenue down 25% to Kshs. 4.2 billion. Gross profit improved to Kshs. 880 million from 640 million

Operating expenses were 251% of gross profit & net finance costs 176%

NEGATIVE EQUITY of Kshs. -3.3 billion

Link;
https://pbs.twimg.com/me...mat=jpg&name=medium

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