24th Oct 2016 06:59
LONDON (Alliance News) - Private-label household goods and personal-care products firm McBride PLC on Monday said revenue in the first quarter of its financial year fell, but its margins remained robust.
McBride said revenue in constant currencies was down 2.9% year-on-year in the quarter to the end of September, but margins and costs have continued to improve following the restructuring the company did in its previous financial year.
McBride said it remains confident it will hit its expectations for the full year, to the end of June 2017.
"The first quarter has been an encouraging one for McBride, with the impact of many of the actions from Repair evident in our financial performance. We are actively working on Prepare initiatives as we look to establish the key platforms that will support our growth ambitions," said Rik de Vos, McBride's chief executive.
By Sam Unsted; [email protected]; @SamUAtAlliance
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