McBride reports a pre-tax profit of £17.4m for H1 2022 due to increased sales of own-brand cleaning products.

McBride, maker of many supermarket own-brand cleaning products, saw its shares soar after it reported a pre-tax profit of £17.4m for the six months to Dec 31, a stark contrast to losses of £20m a year earlier. Sales increased by 10% to £468m, attributed to shoppers opting for cheaper own-brand items due to cost-of-living pressures. McBride expects full-year profits to be between 10-15% ahead of its previous forecasts.

February 27, 2024
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