McBride has reported a small increase in full-year profits after a cost-cutting programme boosted margins.

The own-label household and personal care manufacturer said cost reduction measures – including the closure of a site in Burnley – helped increase adjusted operating profits by 2% to £29.5m in the year to 30 June.

Over the same period, like-for-like sales edged up by 1% to £813.9m, despite continued weakness in European markets.

“Encouragingly, private label continues to gain share in many of the group’s categories, which helps mitigate still sluggish grocery volumes,” said Investec analyst Nicola Mallard.

McBride said trading since year-end had been in line with expectations. It added that the second half of the year would likely be better than the first, claiming that own-label growth would increase as some contract manufacturing business was wound up.