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Kingspan shares soar on record half year profit outlook

It will report its half year results on 18 August.
It will report its half year results on 18 August.

Building materials group Kingspan has said it expects to report a half year trading profit of around €435 million.

That would be marginally ahead of the figure for the same time last year.

Activities in the Americas outpaced that in Europe, the company said in a trading update.

It will report its half year results on 18 August.

Shares in Kingspan closed over 15% higher in Dublin trade this evening, with the stock logging its best day since March 2020.

The Co Cavan based firm's stock has risen 10% this year, up to yesterday's close.

The company said it is positioned "favourably" as it enters the third quarter.