Edition:
United States

SIG PLC (SHI.L)

SHI.L on London Stock Exchange

152.20GBp
21 Feb 2018
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Thu, Feb 1 2018

UPDATE 2-UK building distributor SIG says 2016 profit overstated, shares fall

Feb 1 Britain's SIG Plc overstated its 2016 profit by up to 3.7 million pounds ($5.3 million), the building products distributor said on Thursday after a review, less than a month after it revealed an overstatement of cash and trade payables.

BRIEF-SIG Plc Announces Historical Overstatement Of Profit

* IDENTIFIED HISTORICAL OVERSTATEMENT OF PROFIT RELATING TO YEAR ENDED 31 DEC 2016 AND PRIOR YEARS AND RELATING TO HALF YEAR ENDED 30 JUNE 2017​

UK's SIG says 2016 profit was overstated; reaffirms 2017 forecast

Feb 1 SIG Plc, a distributor of building products in Europe, said a forensic review revealed that its 2016 profit was overstated, but reaffirmed its 2017 underlying profit forecast.

UPDATE 1-UK's SIG to review cheque issuance controls due to accounting errors

Jan 9 SIG Plc, a distributor of specialist building products in Europe, said on Tuesday it would review the controls around cheque issuance after a historical overstatement of cash and trade payables resulted in higher closing net debt for 2017.

SIG to review cheque issuance controls due to overstated payables

Jan 9 SIG Plc, a distributor of specialist building products in Europe, said it would review the controls around cheque issuance after it found a historical overstatement of cash and trade payables.

BRIEF-SIG Plc says group like-for-like revenues for 2017 were ahead by 4.0 pct

* GROUP REVENUE FROM CONTINUING OPERATIONS FOR 2017 INCREASED BY 7.5% TO C. £2.8BN

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