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Interim Results

McBride improves H1 pretax profit

24 February 2016 11:09

McBride has improved its H1 pretax profit to GBP13m, from GBP8.7m a year earlier. Revenue totalled GBP344.1m, from GBP364.7m. Interim dividend was 1.2p a share, from 1.7p.

CEO Rik De Vos commented:

"We are pleased with our progress in the first half and the improved profitability following the launch of our strategic transformation plan.

"The commitment and focus of the McBride team on the execution and delivery of our objectives is very encouraging and a critical aspect for future success.

"The ongoing actions of our "Repair" phase, which in part will result in lower second half revenues, are nevertheless expected to provide further progress in profitability.

"As a consequence, the Board is now expecting full year results to be modestly ahead of its previous expectations."

At 11:09am: (LON:MCB) McBride PLC share price was +13.75p at 168.25p

Story provided by StockMarketWire.com

Related Company: MCB

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