British cleaning products maker McBride said on Tuesday that it returned to profits in the final two months of its first half, thanks to higher prices and demand for private label products amid a cost-of-living crisis.
The loss-making group, which has been struggling with mounting costs, said it expects to report a 'small' adjusted operating loss before exceptional items for the half year.
Shares of the London-listed group rose 3% in early trading.
The company said it was looking to offset pressure from energy, employment and raw material costs by raising prices and cutting expenditure.
McBride said its revenues for the half year were 31% ahead of the previous year, helped by a recovery in its volumes and a moderate easing in input costs.
McBride leading European manufacturer and supplier of Private Label and Contract Manufactured products for the domestic household and professional cleaning and hygiene markets.
With trading roots dating back to 1927, the company employs in the region of 3,400 people across 18 locations in 12 countries.
According to the company it sells over one billion products each year.
McBride produces a wide range of cleaning products across five divisions such as powders and liquids.