Builders Merchants Journal – BMJ Publishing to Builders Merchants and the UK merchanting industry for more than 95 years
The construction materials company has reported sales of €908.4m for the six months to June 30 – an increase of more than 34%.
The company also increased operating profit by just under 30% to €114.2m and pre-tax profit by almost the same at €108.2m.
The company has pointed to particularly strong performances from the insulated panel and insulation board businesses. These parts of the company saw significant UK growth in the period but rocketed in central and Eastern Europe by 82%.
Plus, said ceo Gene Murtagh, the market is becoming more aware of building solutions which reduce direct energy consumption and carbon emissions. Mr Murtagh summarised the company’s performance saying: “Overall, with earnings growth in excess of 30%, the first half of 2007 represented an excellent outturn for Kingspan.”
