Consolidated Bakeries Jamaica reports loss of over $10M

Manufacturer of baked products Consolidated Bakeries Jamaica is reporting that it made more losses in its third quarter ended September.

Losses for the three months was valued at $14.5 million versus losses of $2.6 million for the similar period last year.

Revenues for the company was $56.25 million more than the comparative period in 2021.

Revenues for the period was $322.8 million.

Last year Consolidated Bakeries made $266.6 million.

A rise in global wheat prices contributed to the company's performance, with the cost of raw material jumping to levels which affected product prices.