Recovering SIG revises full-year expectations

By Dave Rogers2021-09-21T10:02:00

Materials firm narrows first half losses

Materials supplier SIG narrowed losses in the first half as the firm said a recovery strategy begun last year would mean that full-year operating profit would beat expectations.

The company, which has been blighted by a series of eye-watering losses in recent years, said pre-tax losses in the six months to June had fallen to £1.6m from the £125m loss it racked up for the same period last year on revenue up 32% to £1.1bn.

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