StockMarketWire.com - Insulation provider Kingspan reported a rise in profits as revenues rose to record levels.

For the six months to 30 June, pre-tax profit rose to €208.9m from €177.6m a year earlier and revenue revenue rose 12% to €2.2bn, with trading profit up 18% to €230.4m.

The interim dividend per share was raised by 8% to 13.0.

'We have delivered a record first half with revenue growth in all our business units and a strong trading profit performance. We continue to expand our global production footprint with new facilities under construction in the US, Brazil and Sweden,' the company said.

'The near-term outlook is solid although the political uncertainty in the UK, weakness in sterling, and weaker German economy are amongst risks we are monitoring closely.'




At 8:53am: [LON:KGP] Kingspan Group PLC share price was -0.77p at 42.75p



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