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UK's McBride drops after lower annual profit

BUZZ-UK's McBride drops after lower annual profit

** Shares of British household goods maker McBride MCB.L fell as much as 5.2% to 182 pence

** Co reports FY adj PBT down 6.1% as Q4 margin recovery lagged following Middle East crisis

** Expects Q1 margin lag, with improvement during Q2, subject to materials pricing

** Says cost environment difficult to predict due to geopolitical tensions, with further price rises increasingly likely

** "Macro conditions continue to cloud the outlook but, given the learnings from prior experience, the group continues to respond quickly and effectively to pass on costs" - Peel Hunt

** MCB up 24% YTD


(Reporting by Nithyashree R B in Bengaluru)

((NithyashreeRB@thomsonreuters.com))

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