McBride soars on plans to restart dividend, upbeat profit outlook
17/01/2025 09:13
** Shares of McBride MCB.L up 14.3% at 116p, top pct.
gainer on FTSE Small Cap .FTSC index
** Cleaning products maker expects H1 adj. operating profit
to rise about 8%, driven by higher manufacturing volumes from
consumer goods client contracts
** Plans to re-instate annual dividends
** "The recent, new, long-term financing facilities have
allowed the normalisation of the Group's capital allocation
options," co says
** MCB sees H1 group revenue to be 2.9% higher on a constant
currency basis
** Stock gained ~35% in 2024
(Reporting by Anandita Mehrotra in Bengaluru)
((Anandita.Mehrotra@thomsonreuters.com))