Consolidated Bakeries Limited Recovers from 2017 Losses

• The audited financials of Consolidated Bakeries Limited were encouraging for the year 2018. The company recovered from a $40Mn (EPS: -$0.18) loss to record profits $12.9Mn (EPS: $0.06).
• This improvement in performance comes on the back of a much better performance in revenues (+11.3%) and a significant improvement in interest and other income (+103.6%).  The latter was due primarily to a $9.94Mn one-off gain on investments which was reclassified to profit and loss.
• The stock has fallen 14.12% since the start of the calendar year. Caribbean Cream closed yesterday’ s trading at $1.94, and currently trades at a P/E of 32.33x earnings which is above the Junior Market Manufacturing sector average of 21.66x.

(Source: Consolidated Bakeries Limited)