Kingspan hopeful of another good year

Kingspan is hopeful of another decent performance this year, despite management anticipating a potentially tricky first half.

The Co Cavan-headquartered building materials and insulation specialist’s 2012 financial results beat market expectations, with trading profit ahead by 12.5% at €107.7m and group revenue rising 5.3% to €1.63bn.

Pre-tax profits grew from €77.8m to just under €90m, with basic earnings per share up by over 18% to 43.8c. A final dividend per share of 7.25c, brought the total dividend for last year to 12.25c; representing an 11% annual increase.