Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Cleaning products supplier McBride posted a 33% drop in annual profit, though its performance improved in the second half as the Covid-19 pandemic drove demand.
Pre-tax profit for the year through June fell to £10.9m, down from £16.2m on-year, as revenue fell 4.6% to £706.2m.
Adjusted profit from continuing operations fell by a more modest 1.2% to £24.2m as revenue from continuing operations fell 2.1%.
'Following a tough first half year, demand for many of our cleaning products rose strongly as a result of Covid-19,' chief executive Chris Smith said.
McBride also announced the initial findings of a business review and strategy, which was targeting annual revenues of €1bn over the next five years.
At 9:53am: (LON:MCB) McBride PLC share price was -1.3p at 64.5p