Eveready Issues FY Profit Warning

Eveready East Africa has warned that its profits for the year that ended on September 30^th may have fallen by more than 25 percent. The dry cell battery maker says a rise in global zinc prices, an unfavourable foreign exchange regime and the continued flooding of the market with fake batteries may have adversely affected its performance. Eveready, which is no stranger to issuing profit warnings, is expected to publish its financial statements next month.