Purity plans 18-month plant overhaul

Consolidated Bakeries Ltd, which trades as Purity, has warned shareholders it will take production offline at points over the next 18 months as it installs new plant. Also, its second-half results will carry the cost of the overhaul before any benefit shows up. The company swung to a net loss of $11.1 million in the June quarter from a profit of $5.5 million a year earlier.