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Ireland supplies company Kingspan records third straight year of growth

Reuters
February 26, 2013, 12:15 am TWN

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DUBLIN--Irish building supplies company Kingspan recorded a 13-percent rise in trading profit for 2012, despite a slowdown in activity in the second half of last year due to weak construction markets in the eurozone.

The No.1 producer of insulation in Britain, Ireland, Canada and Australasia posted its third consecutive year of growth, it said on Monday.

Kingspan had a strong performance in Germany and Central Europe in the first half of last year, but a decline in activity in construction markets in the Benelux and Netherlands took hold in the second half.

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