Kingspan's upbeat forecast cheers shareholders

Kingspan confidently predicted today that profits would be well ahead of last year due to strong demand for company's construction…

Kingspan confidently predicted today that profits would be well ahead of last year due to strong demand for company's construction products.

Kingspan's chairman Eugene Murtagh told its annual general meeting today that strong underlying volume growth across the main product groups and the company's ability to pass on raw material price increases will drive profit growth this year.

"It is anticipated that markets will remain reasonably stable in the immediate future" Mr Murtagh said.

Kingspan provides a range of pre-built building components such as insulation products and raised access flooring to the building industry.