Brokers predict 17% jump in Kingspan earnings

KINGSPAN shares rose 3% yesterday after the Cavan-based building materials group issued an upbeat trading statement for the first half of the year.

The group said sales of its main products were ahead of expectations in all its target markets. Its products include insulation panels, floors, environmental containers and devices used in pollution control.

Construction markets in Britain and Ireland had been stronger than expected and contributed to most of the growth.