Kingspan shares surge after first-half results
The building materials group reported a six per cent rise in trading profit to €178 million
Shares inKingspan rose by nearly seven per cent in morning trading after the building materials company published first-half results showing a better-than-expected rise of six per cent in trading profit to €177.8 million.
Revenue rose by 19 per cent to €1.75 billion, boosted by acquisitions, a robust recovery in western Europe and increasing demand for greater energy efficiency, the company said. But the group's trading margin slipped to 10.2 per cent from 11.4 ...
