Purity recorded net loss of $40.10 million for financial year 2017
April 3, 2018 Consolidated Bakeries (Jamaica) Limited (PURITY) for the year ended December 31, 2017 recorded a 2.01% decline in revenue to $862.61 million from $880.27 million reported for the corresponding period in 2016. For the fourth quarter, the Company recorded revenue of $219.54 million (2016: $199.64 million), representing a 10% improvement year over year. Cost of sales for the period decreased 1.45% to close at $563.73 million (2016: $572.01 million), leading to a gross profit of $298.87 million (2016: $308.27 million). Within the quarter PURITY recorded cost of sales of $132.94 million, down 3.2% relative to $137.35 million booked
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Daily Market Summary March 29, 2018
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