SigmaRoc shares jump 12% on profit rise and acquisition deal

Shares of SigmaRoc PLC (LSE:SRC) climbed more than 12% on Monday, following the European lime and minerals group's announcement of improved first-half earnings and a new acquisition.

The company reported adjusted pretax profit of £75.1 million for the opening six months of the year, compared with £67.4 million in the corresponding period a year earlier.

SigmaRoc also revealed plans to acquire Akcinė Bendrovė "Dolomitas" from its existing shareholders for €110 million on a debt-free and cash-free basis, with an additional €8 million to be paid for certain non-core assets.

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