Sales at Irish arm of SIG fall 22%

SALES at the Irish operations of roofing and building insulation company SIG fell by 22.3%, on a local currency basis in 2008.

The British company — which employs around 375 people here — yesterday reported a 2% fall in underlying group pre-tax profits for the year to £137.3 million (e146.2m).

Group sales were down by 24.2% at just over £3 billion. Underlying operating profit, however, was up by 6.5% at £169.8m.