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The latest announcement is out from McBride ( (GB:MCB) ).
McBride plc has reported a strong trading update for the first half of the financial year, with an 8% increase in adjusted operating profit compared to the same period last year. The company’s revenue grew by 2.9%, driven by a significant rise in contract manufacturing volumes due to new contracts with major FMCG clients. McBride also made progress in debt reduction, bringing net debt down to £117.6m, and plans to reinstate annual dividends, indicating confidence in ongoing financial performance.
More about McBride
McBride plc is the leading European manufacturer and supplier of private label and contract manufactured products for the domestic household and professional cleaning and hygiene markets.
YTD Price Performance: -1.42%
Average Trading Volume: 227,496
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £178.6M
See more data about MCB stock on TipRanks’ Stock Analysis page.
