Earnings Decline Sharply-Consolidated Bakeries (Purity)

Earnings Decline Sharply-Consolidated Bakeries (Purity)

For the six month period ended June, Consolidated Bakeries experienced a 39.8% decline in earnings to $14.6Mn (EPS:$0.07). The falloff in net profit reflected higher operating expenses which were up by   15.2%, on account of costs relating to engineering, branding and reorganization. On the revenue side, the company registered an increase in sales of 17.9% over the corresponding six month period in 2013, representing growth in all product categories.