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SRC — Sigmaroc News Story

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UK's SigmaRoc jumps on higher interim profit, $127 million acquisition

BUZZ-UK's SigmaRoc jumps on higher interim profit, $127 million acquisition 

** Shares of European lime and minerals group SigmaRoc SRC.L up 12.2% at 143.8p

** SRC posts HY adj pretax profit £75.1 mln ($101.66 mln) vs £67.4 mln a year ago

** Separately, co announces acquisition of Akcinė Bendrovė "Dolomitas" from current shareholders for €110 mln ($127.93 mln ) on debt & cash-free basis, plus further €8 mln for certain non-core assets

** Interim results show business continues to perform well, highlighting attractive qualities of limestone and lime assets, analysts at Panmure Liberum say in a note

** As of last close, stock up ~10.89% YTD



($1 = 0.7388 pounds)


(Reporting by Ankita Bora in Bengaluru)

((Ankita.Bora@thomsonreuters.com))

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