Kingspan increases profit 50%

By Carl Brown2022-02-18T08:47:00

Materials giant boosted by strong demand and acquisitions

Kingspan Group has reported a 50% increase in its pre-tax profit boosted by ‘strong’ sales of its iinsulation products as it successfully passed rising raw materials costs on to customers.

The Irish materials giant this morning reported a pre-tax profit of €689m for the year to 31 December, up from €459m the previous year. Its preliminary results also showed a 42% increase in revenue to €6.5bn.

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