14th Jul 2022 14:44
McBride PLC - Manchester-based manufacturing company - Records revenue growth of 2.9% at constant currency for the financial year that ended June 30. Explains that revenue grew 13% on the same basis in the second half, which offset a 6.6% decline in the first half. Notes that the negative impact of input cost inflation and supply chain disruptions exacerbated through the Ukraine war was offset through pricing actions. Anticipates full-year adjusted operating profit to be in line with the current market consensus. Says liquidity was roughly GBP70 million as at June 30. Net debt closes at roughly GBP168 million on June 30, up 42% from GBP118.4 million. Read More
