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Eveready East Africa Limited posted a loss for the six months to March, blaming its strategic move to its exit from some export markets, insecurity and a weaker shilling.
The Sh17.7 million loss compares to a pretax profit of Sh44.8 million recorded in a similar period the previous year. The company said its sales dropped by 18 per cent to Sh602.8 million and revenue declined as it had exited some markets that were unviable in the long-term.
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