SIG plc (GB:SHI) has released an update.
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SIG plc reported a 4% decline in like-for-like revenue for Q3 2024, showing an improvement from the 7% drop in H1 and maintaining full year profit guidance in line with market expectations. The company’s strategic initiatives, such as cost reduction and efficiency gains, are helping to mitigate the impact of continued weak market demand and are expected to drive future profitability as market conditions improve. Cash performance remained steady, with the company maintaining strong liquidity for strategic financial planning.
For further insights into GB:SHI stock, check out TipRanks’ Stock Analysis page.
