Ireland's Kingspan gains on stronger performance after bumpy year
17/02/2023 13:22
** Shares of insulation provider Kingspan Group Plc KSP.I
rise as much as 7.3% to 63.2p; among top pct gainers across
FTSE All- Share index .FTAS
** KSP reports record profit for the year of 833 mln euros
($884.73 mln), up 10%
** Co also reports FY revenue of 8.3 bln euros, up 28% from
prior year, driven by robust sales of insulated panels and its
hybrid insulation core technology, QuadCore
** "Bumpy year that saw a strong first half performance
giving way to a more subdued environment in the second half of
the year" - CEO Gene M. Murtagh
** Including session's gains, stock has risen ~25% YTD
($1 = 0.9408 euros)
(Reporting by Sruthi Narasimha Chari in Bengaluru)
((Sruthinarasimha.chari@thomsonreuters.com))