Kingspan said today it expects the operating profits of the company to grow by 20 per cent this year.
Kingspan, leading manufacturer of an integrated range of products for the construction industry, performed well in the first quarter of the year and expects the trend to continue for the rest of 2007.
According to the company's AGM statement, issued to the Irish Stock Exchange today, Kingspan's products are continuing to sell well across their UK and European markets.
The company performed well in Ireland in the first quarter despite the slow-down in the domestic housing market in Ireland, pointing to a healthy non-residential sector.
In a seperate statement the company announced the appointment of UBS Investment Bank as joint corporate broker along with Goodbody Stockbrokers.