Private-label products boost McBride profits

3rd Sep 2009 07:17

McBride's private-label products helped the personal care products supplier to post a rise in profits for the year. The group said its Private Label has grown share in all its markets, with Western Continental Europe performing particularly well and good growth in France and Italy.Pre-tax profit rose to £22.2m from £15.7m before on revenue that increased 13% to £792.4m, reflecting 4% of organic growth and 9% from currency translationPersonal Care rose 8% and Household up 3%, underpinned by a continuing focus on product development and an increase in demand for its Private Label products.The group said it has made a good start to the new financial year, continuing the trend in the second half of last year."Our markets remain highly competitive but McBride's Private Label products continue to be relevant not only in the current environment but also in the longer term. We have strengthened the business further in the last twelve months and expect to consolidate these improvements in the coming year," it added.Total dividend for the year is up 7% to 6p.