Business Description:
McPherson's Limited (MCP) is a marketer of non-electrical housewares products in Australasia, with operations in Australia, New Zealand and Asia. MCP operates in one sector, being Consumer Products.

Strategy Analysis:
MCP has a number of business initiatives which will focus on growth and streamlining operations. Bolt-on acquisitions will be reviewed for future opportunities as well as a new product development pipeline which will ensure growth through innovation. Warehouse changes to increase the efficiency of distribution channels are coupled with quality assurance reviews to improve operational efficiency. With a recently successful restructuring and demerger of the business, strategic reviews of brand value, the supply chain and growth initiatives will remain important McPherson's reported NPAT up 9.3% to $28.03m for the year ended 30 June 2011. Revenues from ordinary activities were $349.18m, down 1.4% from last year. Diluted EPS was 27 cents compared to 36.2 cents last year. Net operating cash flow was $41.59m compared to $30.95m last year. The final dividend declared was 14 cents, taking the full year dividend to 26 cents compared with 20 cents last year.