Purity Reports Significant Loss for the Year-Ended December 31, 2019

• Consolidated Bakeries (Jamaica) Ltd. (Purity) reported audited net loss of $12.49Mn (EPS: -6¢) for the year ended December 31, 2019, an almost two-fold decline when compared to the $12.96Mn profit made in the corresponding period in 2018.
• This performance was mainly driven by a 14.3% (or $48.76Mn) increase in total operating expenses.
• Purity stock price has fallen 1.2% since the start of the calendar year, and closed Wednesday’s trading session at $1.64.  The stock currently trades at a P/B of 0.51x, which is below the Junior Market Manufacturing Sector Average of 2.06x.

(Source: Purity Financials)