Profits up 50% at Grenfell insulation firm Kingspan
By Carl Brown2022-02-18T09:04:00
Materials giant boosted by strong demand and acquisitions
Kingspan Group has reported a 50% increase in its pre-tax profit boosted by ‘strong’ sales of its iinsulation products as it successfully passed rising raw materials costs on to customers.
The Irish materials giant this morning reported a pre-tax profit of €689m for the year to 31 December, up from €459m the previous year. Its preliminary results also showed a 42% increase in revenue to €6.5bn.