Kingspan reports 64 per cent increase in profits

Trading profits at insulation giant Kingspan grew by 64 per cent in the first six months of the year.

The Kingscourt-based company described it as an "extraordinary period" said to be driven by "unprecedented demand" and "acute supply constraints".

Profits of €329 million were matched by a revenue increase of 41 per cent to €2.9 billion.

Reflecting on the report, Chief Executive Gene Murtagh said they've a positive outlook for the second half of 2021, due to expected strong demand.