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BRIEF-Kingspan reports trading profit up 6 pct in H1
August 18, 2017 / 6:03 AM / 4 months ago

BRIEF-Kingspan reports trading profit up 6 pct in H1

Aug 18 (Reuters) - Kingspan

* H1 trading profit up 6% to €177.8m; revenue up 19% to €1.75bn,

* H1 group trading margin of 10.2%, down 120bps y/y; interim dividend per share up 10% to 11.0 cent

* Says acquisitions contributed 10% to sales growth and 6% to trading profit growth in period

* Insulated panel sales growth of 17% (continuing improvement in W.Europe; solid activity in UK; tougher in N.America E.Europe)

* Says pass through of significant and ongoing raw material increases a key trading theme in the period Further company coverage: (Reporting By Conor Humphries)

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