Kingspan's trading profit rises to nearly €112 million in H1, 2015

Ireland-based 4567 Kingspan's trading profits approached €112 million (US$127.56 million) for the first six months of 2015 after a 61% yearly hike.

The building insulation company's revenues, which totalled to €1.24 billion, experienced an almost 40% gain.

The UK and the US, accounting for 50% of the company’s yearly revenues, were among locations which demonstrated constant rebounds.

A 61% growth was seen in the profit of the main area of insulated panels, where sales went up 43%.

CEO Gene Murtagh said that in the short-term, the company intends to carry on cutting debt and integrating recent takeovers.

For 2015, analysts project that the building materials company will see its trading profits climb by almost €100 million.