logo
Plus   Neg
Share
Email

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.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Tesla said it will produce ventilators at its Gigafactory in Buffalo, New York to support the city's hospitals amid the coronavirus pandemic. New York is the worst affected state in the U.S. Last Saturday, Musk tweeted that he "had a long engineering discussion with Medtronic about state-of-the-art ventilators. Luxury fashion house Ralph Lauren will donate $10 million to help fight the coronavirus pandemic and manufacture face masks as well as medical gowns in the U.S. The company's charity arm, the Ralph Lauren Corporate Foundation, said in a statement that it is committing $10 million towards the global response to the COVID-19 pandemic. General Motors Co. is delaying work on new vehicle models and is cutting pay for its executives as part of efforts to conserve cash amid the coronavirus or Covid-19 pandemic. The automotive giant also extended the shutdown of North American plants indefinitely. Multiple reports cited an internal memo that salaried workforce will have 20 percent of pay deferred starting April 1.
RELATED NEWS
Follow RTT
>