Near-doubling of gains at McBride sends shares higher

Adam Hignett
SHARES in McBride surged yesterday as profits at the company almost doubled in the last six months of 2014

Growth in Germany derived from prior year business wins was offset by a weaker performance in Italy and Spain and subdued revenues in UK and France.

The company, which specialises in making household and personal care products, has benefited from the decline in input-costs and increased productivity.

Despite a decline in revenues of four per cent to £365m during this period, profit before tax rose 97 per cent to £7.3m.

Shares in the company closed up 3.45 per cent on the results.