- 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)