SIG Plc Reports Financial Progress In H1FY19 Despite Falling Construction Activity In The UK

SIG Plc (LSE: SHI), for the six months ended 30 June 2019 has reported financial progress, despite falling construction activity, particularly in the UK. While, the company’s pre IFRS 16 revenue declined by 5.1% £1,260.1million, as compared to £1,327.5million in H1 FY18, the underlying PBT, pre IFRS 16, coming in-line with expectations moved up by 19.5% to £30.0 million, as compared to £25.1 million in H1 2018, and underlying earnings per share, pre IFRS 16, were up 23.3% to 3.7p (H1 2018: 3.0p).

On 6th September 2019, at the time of writing, GMT 08:03 AM, SHI shares were trading at GBX 125.80, down by 3.30 points or 2.56% against the previous day closing price.