Kingspan sales boom puts firm on track for 10% profit hike

By Dave Rogers2022-11-07T09:13:00

Source: Shutterstock

Turnover up one third in first nine months of year

Products giant Kingspan said booming sales meant it is on track to beat last year’s trading profit by 10%, the firm said in a third quarter update this morning.

The Irish company said income in the nine months to September was up a third to €6.25bn (£5.45bn) with sales up 17% in the third quarter, adding that it was expecting a year-end trading profit of €830m (£725m), up from last year’s €755m (£659m).

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