NAIROBI | Thu Dec 6, 2012 2:44am EST
Dec 6 (Reuters) - Kenyan dry cell battery maker Eveready said on Thursday cost cuts helped the group return to a pretax profit of 69 million shillings ($802,300) for the year to the end of September from a loss in the previous financial year.
The cost reductions led to a 4 percent improvement in its gross margin, while revenue was stable at 1.4 billion shillings.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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