McBride profits fall as market remains tough

HOUSEHOLD and personal care producer McBride has seen its profits fall by 76 per cent in the year to 30 June.

The own-label goods manufacturer’s end-of-year results, released yesterday, showed that pre-tax profits have dropped from £29.6m to £7.1m.

McBride chief executive Chris Bull has said that the results can be best explained by the “challenging environment” within which McBride is currently competing.