TransCentury PLC Auditor Raises 'Going Concern' Doubt

TransCentury Plc specializes in manufacturing and marketing equipments for the civil engineering infrastructure construction sector. Net sales break down by activity as follows: - manufacturing and sale of electricity transportation and distribution equipments (69.5%): power cables, conductors, power transformers, industrial automation, generators, and turnkey power plants; - sale of engineering products and services (29.9%): mechanic and civil engineering equipments, industrial equipments, mining and logistics services, development of energy projects, etc. The group also develops a management under concession of railway transport infrastructures activity; - other (0.6%). Net sales break down geographically as follows: Kenya (57%), Tanzania (38.8%), Zambia (1.7%), Uganda (1.3%), Congo (1.1%) and South Africa (0.1%).