Kingspan on course to meet target

Building materials specialist Kingspan has said that it is on course to meet full-year targets — including a 10% rise in trading profit — despite seeing a slight drop in revenues in the third quarter.

The Cavan-headquartered group’s latest trading update, published yesterday, showed a 0.7% year-on-year decline in third-quarter revenues.

However, the firm, which specialises in low-energy and environmentally-friendly building solutions, added that revenue for the first nine months of 2012 amounted to €1.16bn; up by 1.6% on a year-on-year basis.