McBride profits fall as market remains tough

EHOL

EHOLD 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.