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Provider: Reuters Investment Profile

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Eveready East Africa Ltd Issues FY 2013 Guidance

Wednesday, 20 Nov 2013 07:00pm EST 

Eveready East Africa Ltd announced that the Company has noted that its net profit for the fiscal year ended September 30, 2013 will be lower than those reported for the same period in fiscal year 2012. This performance is mainly due to the movement in the deferred tax and its associated effect on the net income for fiscal year 2013. As a result, it is predicted that the earning for the fiscal year 2013 will be at least 25% less than the level of earning in the previous year. 

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