February 3, 2014 / 10:33 AM / 4 years ago

Kenyan battery maker Eveready says profit hit by currency move

NAIROBI, Feb 3 (Reuters) - Kenyan battery maker Eveready said its full-year pretax profit fell 12 percent on the year to 60.4 million shillings ($698,700), hit by adverse foreign exchange movements.

The group registered an 11 percent growth in shilling revenues compared to a year earlier, but a 35 percent decline in export revenues resulted in 4 percent overall revenue growth, the company said in a statement.

It said exports were also hit by distribution challenges in Tanzania, but did not give details.

$1 = 86.4500 Kenyan shillings Writing by Edmund Blair; Editing by James Macharia and Louise Heavens

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