January 8, 2019 / 7:20 AM / in 5 months

SIG reports lower 2018 revenue on sluggish construction markets

Jan 8 (Reuters) - Building material supplier SIG Plc on Tuesday reported a 1.4 percent fall in group revenue from continuing operations for the year, hit by a slowdown in construction markets in UK, France and Germany.

The company — which supplies insulation, energy management and roofing products — said group like-for-like revenue fell 2.3 percent and expects to report an adjusted pretax profit of about 75 million pounds ($95.75 million) for the year ended Dec. 31. ($1 = 0.7833 pounds) (Reporting by Samantha Machado, Noor Zainab Hussain and Muvija M in Bengaluru; Editing by Shounak Dasgupta)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below