Losses widen at insulation firm
Sheffield-headquartered insulation and building supplies firm, SIG Group, fell deeper into the red today when it revealed a £33m loss in the first half.
Revenue was also down in the six months to £1,304.4m from £1,316.8m and pre-tax losses down 193% to £11.3m.
On a brighter note, the group’s strategic initiatives to drive cost savings and productivity, with restructuring actions taken since H2 2023 now at £38m in permanent annualised cost savings.
SIG Group said it had seen no notable pick-up in demand during the perio... 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...
