£2.6m profits for SigmaRoc in first year

Thursday 24 May 2018

SigmaRoc plc, which acquired local construction materials and services business Ronez last year, has reported strong first year results with underlying profit before tax of £2.6m.

The company has confirmed that there is 40 years’ worth of reserves in the Channel lslands at the predicted level of demand and Ronez’ assets have been re-valued upwards from £23m to £41m.

Max Vermorken, SigmaRoc CEO, said: “The upward revaluation of our Channel Islands fixed assets, together with the freehold land in our UK precast cluster, shows the strong asset backing underpinning our business. This provides a strong platform from which to grow and we look forward to further development in 2018.”

 Mike Osborne, Managing Director of Ronez, said: “SigmaRoc chose Ronez as the cornerstone asset upon which to build its business. It is rewarding to be part of a company showing such strong first year results.”