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McBride PLC (MCB.L)

MCB.L on London Stock Exchange

199.00GBp
26 May 2017
Change (% chg)

-0.50 (-0.25%)
Prev Close
199.50
Open
199.25
Day's High
200.00
Day's Low
199.00
Volume
87,909
Avg. Vol
369,260
52-wk High
207.25
52-wk Low
127.00

Latest Key Developments (Source: Significant Developments)

McBride posts H1 pretax profit 18.8 million stg
Wednesday, 22 Feb 2017 02:00am EST 

Mcbride PLC : H1 pretax profit 18.8 million stg versus 13 million stg year ago . Uncertainty in both size and timing of raw material inflation and changes to foreign exchange rates is to be expected in h2 - CEO . Trading conditions in second half are expected to remain challenging . Full year expectations remain unchanged . Will work closely with customers to mitigate inflation, forex impacts but likely h2 will see some lag effect between higher input prices, margin recovery - CEO .HY revenue 360.6 million stg versus 344.1 million stg.  Full Article

McBride upgrades profit outlook
Monday, 11 Jul 2016 02:00am EDT 

McBride : Adjusted operating profit for full year will be slightly ahead of its previous expectations . Full year performance has benefited from better than anticipated progress on cost saving initiatives, including the final year impact of the UK business restructuring project. . Purchasing-driven savings, in part a result of the decision to reduce the group's range of products and customers, have additionally contributed to the result . On a constant currency basis, group revenues for the year ended 30 June 2016 were 1.9% lower than the prior year. . There has been no impact to date on the group's day-to-day operations from the outcome of the EU referendum in the UK . It remains too early to determine the longer-term effects on McBride's activities, of which approximately 70% are in subsidiaries based outside the UK .Board remains confident in execution of "manufacturing our future" strategy.  Full Article

More From Around the Web

Britain's McBride sees challenging H2, keeps FY outlook

Feb 22 McBride Plc, a maker of own-brand household and personal care products, said it expected a challenging second half of the year, blaming uncertainty in size and timing of raw material inflation and changes to foreign exchange rates.