(Adds details on results, context on restructuring, accounts review)
March 9 (Reuters) – SIG Plc on Friday posted a 4.3 percent rise in full-year pretax profit, helped by strong demand in Europe amid a restructuring turnaround in several of its businesses.
SIG, which supplies insulation and roofing products, said underlying pretax profit rose to 79.2 million pounds ($109.3 million) in the year ended Dec. 31, from 75.9 million pounds a year earlier.
The firm has been trying to strengthen its balance sheet by selling assets and reviewing costs, as it battles to recover from weak trading in its UK insulation, interiors and offsite construction businesses.
Chief Executive Officer Meinie Oldersma took over in April to lead the turnaround, whi…
Read the full article at: https://www.reuters.com/article/sig-results/update-1-britains-sig-full-year-profit-rises-as-restructuring-takes-shape-idUSL4N1QR3FS