SIG, the Sheffield-based leading European supplier of insulation and specialist construction products, is predicting profits of more than £61.3 million, despite a two per cent fall in sales to £2,690 million.
The company says in a trading update that pre-tax profits will not be less than analysts expectations after markets continued gradually to stabilise in the second half of 2010.
SIG says it reduced net debt from 255 million to 190 million during last year and has made further cost savings totaling 7 million across the group.
SIG has announced that Leslie Van de Walle will take over as non-executive chairman from Les Tench.
Mr Van de Walle is a non-executive director of insurance group Aviva and leading UK and Irish distribution group DCC and a former chief executive of United Biscuits and packaging manufacturer Rexam.
Got a view? Leave a comment below.
CLICK HERE FOR The Star subscription offer. Use offer code STAOP0001 to get 25% off.
Follow The Star on Twitter and Facebook:
For breaking news and sport follow The Star on Twitter at www.twitter.com/sheffieldstar and on Facebook at www.facebook.com/sheffieldstar .
JOIN THE STAR READER PANEL: The Star is YOUR newspaper, so tell us what you think about it and what you want to see - CLICK HERE.
Don't miss our daily pull-outs - only in the The Star: Monday Star Sport, Tuesday Class Act; Wednesday Business; Thursday Grassroots; Friday Time Out; Saturday Retro. Subscribe to The Star - CLICK HERE
Join the Star reader panel
Main news index
South Yorkshire's environmental news
More business news
More Rotherham news
More Doncaster news
More Barnsley news