McBride plc reported unaudited consolidated earnings and production results for the first half year ended December 31, 2015. For the period, the company reported revenue of £344.1 million compared to £364.7 million a year ago. Adjusted operating profit was £17.6 million compared to £12.5 million a year ago. Operating profit was £17.1 million compared to £11.1 million a year ago. Adjusted profit before income tax was £13.6 million compared to £8.7 million a year ago. Profit before income tax was £13.0 million compared to £7.3 million a year ago. Basic and diluted earnings per share were 4.9 pence compared to 2.8 pence a year ago. Adjusted diluted earnings per share were 5.2 pence compared to 3.4 pence a year ago. Cash flow from operations (before exceptional items) was £26.2 million compared to £30.7 million a year ago. Net debt was £86.3 million compared to £92.4 million a year ago. Profit for the period attributable to owners of the company was £9.0 million compared to £5.1 million a year ago. Net cash from operating activities was £19.8 million compared to £17.8 million a year ago. Purchase of property, plant and equipment was £5.1 million compared to £9.8 million a year ago. Purchase of intangible assets was £0.5 million compared to £0.2 million a year ago.

The company provided revenues guidance for the second half year of 2016. For the second half year, current expectations are for constant currency underlying revenues to be slightly lower year-on-year, in line with market conditions. The start of the impact from the customer choices project, planned during its first half year, is expected to reduce second half revenues by an additional £6.0 million.