Monday, August 19 10:17:31
Trading profits at Kingspan - a global leader in high performance insulation and building envelope solutions - rose by 6pc to E55.9m in the six months to the end of June.
But group trading margins of 6.5pc were down 50bps on last time.
Trading profits pre-acquisitions and currency were down 6pc.
Revenues rose 13pc to E858.4m, (pre-acquisitions and currency, down 3pc).
Chief executive Gene Murtagh said: "Kingspan delivered a positive performance in the first half against a backdrop of weak European economic conditions and a tough winter across many regions. Our strategy of positioning the company at the hub of conversion to lower energy buildings continues to enable us build the business globally notwithstanding the external conditions."
It said that general construction and refurbishment activity in Ireland has improved ''somewhat'', with pricing being the key challenge as the market ''embarks on its long route to recovery''.
Overall Kingspan reported 13pc revenue growth to E858.4m for the six months to the end of June, while pre-tax profits rose to E47m from E44.5m the same time last year.
The Co Cavan-based company said it benefited from two acquisitions completed late last year - Rigidal Industries and ThyssenKrupp Construction - without which its revenue would have fallen over the first six months of this year compared to 2012.