McBride ( (GB:MCB) ) has issued an update.
McBride PLC has announced its intention to reinstate annual dividends following a period of continued revenue growth, improved profitability, and reduced net debt. The company reported a 5.9% increase in total volume, with significant growth in contract manufacturing volumes due to new contracts. Financially, McBride achieved a 0.7% revenue increase to £471.4 million and a 47.7% rise in profit before taxation. The company is progressing well with its transformation program, aiming for £50 million in net benefits over five years, and is committed to sustainability initiatives. With a healthier financial position and improved operational performance, McBride is poised for future success, supported by favorable market conditions and strategic partnerships.
More about McBride
McBride PLC is a leading European manufacturer and supplier specializing in private label and contract manufactured products for the domestic household and professional cleaning/hygiene markets.
YTD Price Performance: 36.49%
Average Trading Volume: 296,660
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £249.7M
For a thorough assessment of MCB stock, go to TipRanks’ Stock Analysis page.