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The latest announcement is out from McBride ( (GB:MCB) ).
McBride announced its intention to reinstate annual dividends following a period of continued revenue growth, profitability improvement, and net debt reduction. The company reported a 5.9% increase in total volume, with significant growth in contract manufacturing volumes due to new contracts. Financial highlights include a 0.7% increase in revenue to £471.4 million and a 47.7% rise in profit before taxation to £25.7 million. The company’s transformation program is on track, and it has made progress in sustainability initiatives. McBride’s improved financial position and operational performance are expected to support future growth and strategic partnerships.
More about McBride
McBride is a leading European manufacturer and supplier of 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
Learn more about MCB stock on TipRanks’ Stock Analysis page.