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23 Aug 2019 | 08:53

Kingspan profits tick up in H1 on record revenues

Insulation provider Kingspan reported a rise in profits as revenues rose to record levels. For the six months to 30 June, pre-tax profit rose to €208.9m from €177.6m a year earlier and revenue revenue rose 12% to €2.2bn, with trading profit up 18% to €230.4m. The interim dividend per share was raised by 8% to 13.0. 'We have delivered a record first half with revenue growth in all our business units and a strong trading profit performance. We continue to expand our global production footprint with new facilities under construction in the US, Brazil and Sweden,' the company said. 'The near-term outlook is solid although the political uncertainty in the UK, weakness in sterling, and weaker German economy are amongst risks we are monitoring closely.'

At 8:53am: (LON:KGP) Kingspan Group PLC share price was -0.77p at 42.75p

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