SIG plc (GB:SHI) has released an update.
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SIG plc faced a decrease in half-year revenue to £1,317m, down by 7% compared to the previous year, with a reported operating profit of £11.7m. Trading conditions remained challenging across major European markets, leading to lower sales volumes and forced pricing reductions. Despite these headwinds, the company remains focused on strategic initiatives and cost-cutting measures to improve profitability and is on track to meet its full-year operating profit forecast.
For further insights into GB:SHI stock, check out TipRanks’ Stock Analysis page.
