Companies
Kingspan enjoys record profits even as sales slip to €8.1bn
Building materials giant reports ‘record performance against a challenging backdrop’ with after-tax profits of €654m
Profits at Kingspan, the insulation and materials giant, rose to record levels in 2023 even as its revenues dropped slightly to €8.1 billion amid what the company called a “challenging” trading environment.
The Co Cavan-based company reported an after-tax profit of €654 million in its full-year results on Friday morning, 6 per cent up on the previous year.
Its trading profit was €877 million, which was 5 per cent higher than in 2022 – and ...