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Eveready in the red as it slides into full-year loss

Consumer goods firm Eveready posted a full-year loss for the year ended September, hurt by restructuring at its Tanzanian division, the shutting of its main battery plant and insecurity in parts of Kenya.

Eveready East Africa swung to a loss of Sh248 million in the period from a pretax profit of Sh60.4 million as sales dropped 15 per cent to Sh1.22 billion, the company said in a statement.

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Eveready loss