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McBride Reports Improved Profits Despite Lower Revenue In December 2012 Half

February 7, 2013: 12:00 AM EST
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.
"McBride Interim Statement 2013", McBride, February 07, 2013, © McBride
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