Kingspan says third quarter revenues are down 28%
Nov 16th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Kingspan Group Plc, the building materials group, in a trading update today, said overall trading has been more steady over recent months and it is expected that operating profit for the year as a whole will be in the region of €60m (after amortisation). It said that this performance has been aided in part by the group's fundamentally realigned cost base, minimal raw material inflation and a positive sales mix, with higher end products trading comparatively well. Third quarter revenues are down 28% on the same period in 2008.