Profits fall at SIG amid weak markets

Losses at insulation and building supplies group, SIG, have widened amid weak UK and European markets.

The Sheffield-based group said its results reflect a ‘robust trading performance in challenging markets’. SIG added that following a restructure and costing cutting program, profitability will ‘improve when markets recover’.

In the 12 months to 31 December, underlying operating profits more than halved from £53.1m to £25.1m. Total ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...