McBride profits dive

Own brand household and personal care products supplier McBride made a 4% rise on revenue, but saw operating profits dive 86%, for the six months ended December 31st.

Own brand household and personal care products supplier McBride made a 4% rise on revenue, but saw operating profits dive 86%, for the six months ended December 31st.

Operating profit fell from £18.8m to £2.7m, which after rising costs led to a pre-tax loss of £0.4m, compared to a profit of £15.5m in the same period of the previous year.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.