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McBride PLC - Manchester-based domestic household products’ manufacturer - Expects adjusted operating profit for the six months to December 31 to be ‘slightly ahead’ of expectations. Says revenue was 9.9% higher year-on-year from £426.3 million a year ago due to ‘volume growth and the impact of pricing actions in the last financial year to recover input cost inflation.’ Adds overall volumes in the half year were 6.4% higher due to continuing momentum in private label. Net debt at December 31 was £145.7 million, down 12% from £166.5 million at June 30. McBride half-year results will be published on February 27. Current stock price: 81.00 pence, down 9.8% 12-month change: Tripled from 26.20p Copyright 2024 Alliance News Ltd. All Rights Reserved.
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