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Kingspan Group FY Profit Rises

Kingspan Group PLC (KGP.L), a provider of high performance insulation and building envelope solutions, reported that its profit attributable to owners of the company for the year ended 31 December 2019 rose to 369.4 million euros or 202.9 cents per share from 330.9 million euros or 182.3 cents per share last year.

Trading profit grew 12% to 497.1 million euros from the prior year.

Profit for the year before income tax was 454.4 million euros, up from 404.9 million euros last year.

Revenue rose 7% year-over-year to 4.7 billion euros, while it was up 6% in pre-currency basis.

The Board has proposed a final dividend of 33.5 cent per ordinary share payable on 7 May 2020 to shareholders registered on the record date of 27 March 2020.

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