Kingspan set to build on profits

PROFITS at building materials group Kingspan are expected to be well ahead this year after the group recorded a strong first half.

In a trading update to shareholders yesterday, the Cavan-based firm said it had traded “well ahead of the first six months of 2004” so far this year and profit margins had shown an improvement.

“Revenue growth has continued to be strong during the first half of the current year, notwithstanding a slower than expected start to the year in central and eastern Europe,” the company said in a statement.