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Building materials supplier SIG says revenue rises 9.4 pct

Reuters - UK Focus

May 16 (Reuters) - British building materials supplier SIG (Frankfurt: QIG.F - news) Plc said group revenue from continuing operations rose 9.4 percent for the first four months of the year, as acquisitions mitigated the impact of a strong pound.

The company, which supplies roofing materials, insulation and interior fittings, said trading in the UK and Ireland (Other OTC: IRLD - news) , which accounts for slightly less than half of its revenue, continued to be stronger than in mainland Europe.

The euro fell about 1 percent against the pound in the first four months of the year.

SIG (LSE: SHI.L - news) said like-for-like sales also increased 9.4 percent for the first four months of the year, compared with a decline of 2.6 percent in the same period last year.

The company's shares closed at 179 pence on Thursday on the London Stock Exchange (Other OTC: LDNXF - news) . (Reporting by Aashika Jain in Bangalore; Editing by Robin Paxton)