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Kingspan sees 20% 2007 profit growth

Building sector - Kingspan still sees strength
Building sector - Kingspan still sees strength

Building materials group Kingspan says trading in the first four months of this year has shown 'good growth' compared with the same period last year.

The company said that, despite the easing in the Irish housing market, demand for its products was well ahead, due to strength in other areas of the construction sector.

Kingspan said it was confident that its operating profits for 2007 should grow by 20% compared with the €194m reported last year.

Kingspan shares closed down 44 cent at €22.12 in Dublin this evening.