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IN BRIEF: McBride sees full-year revenue growth on strong second half

ALN

McBride PLC - Manchester-based manufacturing company - Records revenue growth of 2.9% at constant currency for the financial year that ended June 30. Explains that revenue grew 13% on the same basis in the second half, which offset a 6.6% decline in the first half. Notes that the negative impact of input cost inflation and supply chain disruptions exacerbated through the Ukraine war was offset through pricing actions. Anticipates full-year adjusted operating profit to be in line with the current market consensus. Says liquidity was roughly £70 million as at June 30. Net debt closes at roughly £168 million on June 30, up 42% from £118.4 million.

Current stock price: 17.64 pence, up 6.3% on Thursday

12-month change: down 80%

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