11 Jan 2017 07:00
11 January 2017
AIM: SGM
Sigma Capital Group plc
("Sigma" or the "Company")
The private rented sector ("PRS") and urban regeneration specialist
Trading update
Sigma, the PRS and urban regeneration specialist is pleased to provide a trading update for the financial year ended 31 December 2016.
The Company continues to make encouraging progress and results for the year are expected to be broadly in line with current market expectations. This has been achieved without the benefit of the launch of an additional phase of managed PRS before the year end and reflects a better than expected performance from both Sigma's own self-funded activities and its regeneration projects with local authorities.
Prospects for the new financial year remain positive, with a substantial pipeline of qualified development opportunities and strong rental demand across the portfolios.
The Board expects to announce full year results in April when an update on current trading will be also provided.
Enquiries:
Sigma Capital Group plc | Graham Barnet, Chief Executive | T: 020 3178 6378 (today) |
| Malcolm Briselden, Finance Director | T: 0131 220 9444 |
KTZ Communications | Katie Tzouliadis, Emma Pearson | T: 020 3178 6378 |
N+1 Singer (NOMAD and Broker) | James Maxwell, Sandy Ritchie | T: 020 7496 3000 |
About Sigma Capital Group plc
www.sigmacapital.co.uk
Sigma is a private rented sector, residential development, and urban regeneration specialist, with offices in Edinburgh, Manchester and London. Sigma's principal focus is on the delivery of large scale housing schemes for the private rented sector. It has a well-established track record in assisting with property-related regeneration projects in the public sector, acting as a bridge between the public and private sectors.