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The Standard Group Plc is a
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Consumer goods firm, Eveready East Africa, has posted Sh78 million loss for the financial year ended September 30, 2015. The Nairobi Securities Exchange listed firm said the volatile shilling, surging interest rates and challenging export markets cut its prospects of returning to profitability.
The loss, however, is 56 per cent improvement from Sh178 million loss recorded in a similar period in 2014. The loss means it is another dry year for shareholders as directors failed to recommend any dividend.
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