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KINGSPAN (KGP).
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Investors Chronicle
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January 5, 2007
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Copyright informationCOPYRIGHT 2007 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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1,891 - Construction & materials - Recommending shares that have risen more than 10 times in the past four years requires some courage, and still more justification. But, as Europe's largest supplier of insulated panels and boards, Kingspan just keeps delivering the goods. Pre-tax profits were up 34 per cent in the first half of 2006 and the dividend was increased by 35 per cent. Then, in a trading statement released last month, management said that operating profits for the full year are expected to be up by 33 per cent.
So how does Kingspan achieve such a performance? Being in the right business at the right time certainly helps, and demand for its insulated panels and ...
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