Mugundaman
ako hapa hapa buying heavily on the dip! 
Bure gabisa reporting from so called business daily. Here is a more balanced report;
Quote:NAIROBI, 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. In the absence of the Sh452.4 million one-off gain enjoyed last year from the sale of assets, the company expects its full year earnings to be at least 25 per cent lower than even as sales revenue in the first six months of trading fell by more than a third.
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.
“We are confident that the initiative taken by the company provides a clear path to growth and profitability while ensuring that the long term sustainability of the business is realised,” he said.
Read more at:
https://www.standardmedi...-sh64-5m-half-year-loss
A paltry 65m loss on a 1/3 dip in sales due to the election cycle is not worth
ruka rukaring about hapa in glee singing RIP Eveready, as has been done on Wazoo for the past 10 years
For comparison purposes, it lost a whopping 206m a mere couple of years back in 2016 and 201m in 2015! Source
HAPASo 65m half year loss
in a terrible political/economic environment and with NEW products still slowly getting traction in the market is quite commendable! This second half when the Kenyan economy has picked up should see the loss minimized even further compared to previous losses.
For the umpteenth time I will say it again..
RELAAAAAAAAAAAAX my brodas and sistas, the journey is long. The loss was expected, the small magnitude of it has put me back in buy mode on the dip. I love the cost cutting measures they have continued to put in place to get this ship back on course. Meanwhile, please sell all your shares (if you have any) so the price can go even lower so we can buy more! :)