Eveready super nine loses its swagger further

Turnover down by KShs.10M from KSh.1,645M in 2009 to KShs. 1,635M in 2010.

Total operating costs declined by KShs.79 M, a reduction of 19% due to lay-offs and slowed production .

Gross margin went up by only 4 percentage points to 24% due to the influences of a depressed Kenya shilling and the impact of an increase in the cost of Zinc which cost the company KShs. 40M.

Profit before tax down by a massive 65% to KShs.14.7M compared to the same period last year.

Profit after-tax down to a measly KShs. 8.7M from KShs.28M in 2009, 69% drop.

Basic and diluted earnings per share hit Kshs.0.04 down from KShs.0.13 recorded in 2009.

The directors recommended a Mbuzi at the companies premises on May 19 instead of paying a a dividend.

Shareholder funds grew by a meager 2.2% to KSh.403M.

The Annual General Meeting will be held on Thursday May 19,2011 at 11.00 am at the Company factory premises.

Made me laugh ha ha, then ti hi hi, then he he he. Eti mbuzi?

Directors are becomong increasingly innovative. Well, a Mbuzi is better than a bottle of mineral water, and guys lets attend the AGM, a plate of mbuzi meat is definitely worthy more than my total holdings of 1000 shares, that might be the only thing i'll ever benefit from my investment there!

The company premises are in Nakuru. You'll travel all that way for a bite?(btw, Should I say premises are or premises is?)

If I had Eveready shares, I'd sell them and buy myself a cup of coffee.

Mbuzi? some of us dont take red meat...waongeze chicken wings...ama omena Im sure they can afford that!!!!