BREAKING NEWS

BREAKING NEWS

SIG reports lower 2018 revenue on sluggish construction markets

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(Reuters) - Building material supplier SIG Plc <SHI.L> 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.

(Reporting by Samantha Machado, Noor Zainab Hussain and Muvija M in Bengaluru; Editing by Shounak Dasgupta)

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