UK's SIG profit slumps 31% in first half, shares fall
04/08/2026 08:22
BUZZ-UK's SIG profit slumps 31% in first half, shares fall ** Shares of British building materials supplier SIG <SHI.L> fall 3.4% to 8.5p
** Co's first-half profit slumps 31% to £10.5 million ($14.1 million), hurt by lower demand in a weak construction market and rising costs
** Co continues to expect annual underlying operating profit of about £25 million, citing no material recovery in market conditions till 2027
** Co is accelerating and extending its self-help plan to generate at least £100 million cash by the end of 2027
** YTD, stock has fallen about 9.83%
(1 British pound = $1.3427)
(Reporting by Jahanvi Kothari in Bengaluru)