7th Jul 2015 07:42
LONDON (Alliance News) - McBride PLC Tuesday said it expects adjusted operating profit for the full year to June 30 to be in line with expectations as group revenue was 0.3% higher in the year on a constant currency basis than the prior year.
The household goods and personal care products provider said that it benefited from continued strong growth in Germany, but this was offset by lower revenue in other key continental European markets and the UK.
It added that the UK business restructuring project continues to make good progress and remains on track to deliver targeted savings of GBP12 million by June 30, 2016. Savings for the year ended June 30, 2015 was approximately GBP5 million, McBride said.
McBride will issue its full-year results on September 8.
Shares in McBride were trading up 0.7% at 102.75 pence Tuesday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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