The maker of supermarket own-label cleaning products slipped to a loss of almost £17m during the first half of its financial year after "experiencing the most extreme inflationary cost environment probably ever to hit this sector".
Manchester-based McBride, which also produces brands such as Oven Pride, has reported a pre-tax loss from continuing operations of £16.8m for the six months to December 31, 2021, compared to the £13.5m profit it achieved during the same period in 2020.
The group's revenue also fell from £362.9m to £323.4m
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Chief executive Chris Smith said: "The group is experiencing the most extreme inflationary cost environment probably ever to hit this sector.
"As we progress through the first part of 2022 it is encouraging that we expect the final quarter of our financial year to see our pricing actions getting closer to maturity and the business returning to close to break-even at an EBITA level and cash-flow neutral.
"The outlook is of course heavily dependent on our actions to deliver the outstanding essential price increases currently in discussion with our customers, as well as other external factors such as the development of input costs and other inflationary pressures, and continuing supply chain disruptions.
"The group's core activities remain strong and the dedication of the entire McBride team to resolve the challenges confronting us is a strong demonstration of our values and the commitment to return the group to profitability."
