This content is not available in your region

SIG sees earlier-than-expected return to profitability

By Reuters

(Reuters) – SIG said on Wednesday it expects to deliver an underlying operating profit in the first half of 2021, returning to profitability earlier than expected, as the building materials supplier recovers from a COVID-19 pandemic-led slump.

SIG, which supplies roofing and insulation materials in Britain, France, Germany, and Ireland, among others, had said in January that it expected a return to profitability in the second half of 2021.

(Reporting by Aby Jose Koilparambil in Bengaluru; editing by Uttaresh.V)