Dow Jones Newswires: Kingspan warns of deterioration over last two months

Kingspan Group PLC said Monday that it expects to report a record profit for the first half of the year despite a market deterioration in the last two months. The London-listed, Ireland-based building-and-insulation materials company

said that it expects to report a first-half profit of 415 million euros ($435.6 million) compared with EUR329 million for the same period last year.

The company said markets have deteriorated over the last two months with a significant drop in intake volume compared with the same period in 2021, but still above 2019 levels. “Our global backlog of orders on hand in insulated panels is down 2% in volume at the end of May having been 19% ahead at the end of March,” it said. The company said, however, that it is well positioned for the medium term and beyond. Write to Michael Susin at [email protected]



Investing for Retirement

Retirement may be a long way off for you – or...

Long Term Investments for the Future

If you are ready to invest money for a future event,...

Understanding Bonds

There are certain things you must understand about bonds before you...

How Much Money Should You Invest?

Many first time investors think that they should invest all of...