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SIG profits soar on UK recovery

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BUILDING supplies company SIG yesterday reported a 23.5 per cent jump in half-year profit, buoyed by the UK construction recovery.

Pre-tax profit rose to £41.5m and revenue increased 6.5 per cent to £1.29bn. “Trading conditions in the UK have continued to gather momentum, led by the revival in the housing market,” said chief executive Stuart Mitchell.

But the FTSE 250 firm warned that markets in mainland Europe remain variable, with France continuing to weaken.