Kingspan says profit this year will be up by half on back of building boom

By Dave Rogers2021-11-08T07:50:00

Materials firm says sales in first nine months of year up by 44%

Kingspan expects profit for the year to be around 50% up on 2020’s figure as the global building boom sends sales at the firm skyrocketing north.

The Irish materials group, which is listed on the London stock exchange, said it was forecasting profit of around €750m (£643m) this year – a rise of 48% on the €502m (£430m) it recorded last year.

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