Back
News

Kingspan reports 50% rise in trading profit

Share in Irish building supplies company Kingspan rose after it reported an above-expectations 50% rise in trading profit to €167m in the six months to the end of June.

The main factor behind the improvement was strong sales growth in Europe. Kingspan has also spent €200m on acquisitions in niche construction market areas.

The company is planning to expand in the US, but is also looking at the Asian market.

Click here for the full FT article (£)

Up next…