McBride Reports Improved Profits Despite Lower Revenue In December 2012 Half

McBride PLC reported revenue dropped 11 percent for the six months ending December 31, 2012. Adjusted operating profit for the first half was £11.6 million, driven by the company’s cost-reduction efforts in the current and previous years. Adjusted operating profit margin rose to 3.1 percent and return on capital employed increased to 12.2 percent. McBride also reported generating £20.3 million in cash from operations. External revenue in the United Kingdom decreased 6 percent to £150.0 million, due to the exit of low-margin contracts.