| Published Thu, May 31st 2018 at 15:11, Updated May 31st 2018 at 15:15 GMT +3NAIROBI, KENYA: Eveready East Africa has posted half year loss of Sh64.5 million from a profit of Sh365 million in a similar period last year, prompting it to issue a profit warning. Managing Director Jackson Mutua says that the results for half-year period ended March 31, 2017 was weighed down by a depressed economy occasioned by unfavorable political environment. He added that preliminary assessment of the projected financial results of the company for the financial year ending September 30, 2018 pointed to a profit warning. The company is now entering the second year since cutting ties with key supplier- Energizer- to start its own brand, Turbo. Mr Mutua says that there is still a challenge in fully entrenching the new brand in the customers’ minds.

Source: Standard Digital May 31, 2018 12:11 UTC