trending Market Intelligence /marketintelligence/en/news-insights/trending/l07Aue6CwRBKbVkXjIq7ew2 content esgSubNav
In This List

Eveready East Africa swings to loss in fiscal H1

Blog

Banking Essentials Newsletter: June 12th Edition

Blog

S&P 500 Q4 2023 Sector Earnings & Revenue Data

Podcast

Next in Tech | Episode 171: Concerns About Fraud Drive AI Investment

Podcast

Street Talk | Episode 127: The 'knife fight' for deposits could spur more bank deals


Eveready East Africa swings to loss in fiscal H1

Eveready East Africa Ltd. said its normalized net income for the fiscal first half ended March 31 came to a loss of 5 Kenyan cents per share, compared with 14 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 11.1 million shillings, compared with income of 28.0 million shillings in the prior-year period.

Total revenue fell 18.1% year over year to 602.8 million shillings from 736.2 million shillings, and total operating expenses declined 13.0% year over year to 585.2 million shillings from 672.6 million shillings.

Reported net income totaled a loss of 12.4 million shillings, or a loss of 6 cents per share, compared to income of 29.4 million shillings, or 15 cents per share, in the year-earlier period.

As of June 2, US$1 was equivalent to 96.95 Kenyan shillings.