McPherson’s H&B strong
August 21, 2013
McPherson’s Consumer
Products, the supplier of a range
of brands including Lady Jayne,
Manicare, Maseur and Footcare,
yesterday reported a loss of $32m,
after writing down the value of
intangible assets by $48.5 million.
However the underlying result
was a $14.4m net profit after tax,
with overall sales up 8.3%.
The company’s health and beauty
category was strengthened during
the year with the acquisition of
Footcare International, while
Maseur was also recently added to
the McPherson’s portfolio.
H&B sales rose 19%, while
revenue from Lady Jayne and
Swisspers was slightly higher than
the previous year, the firm said.
MD Paul Maguire said
McPherson’s was continuing to look
at growth opportunities through
complementary acquisitions and
new agency agreements.
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