Stockout pushes Eveready into Sh58.9 million half-year loss

Regional consumer goods company, Eveready East Africa, has sunk deeper into losses posting Sh58.9 million loss for the six month period ended March 31, 2016.

Eveready East Africa Managing Director Jackson Mutua.

The loss translates into a 373.6 per cent drop in its half-year earnings compared to Sh12.4 million loss posted in a similar period last year. This reverses the full year improvement that had seen the company cut its loss by 56 per cent from Sh178 million to Sh78 million loss.