Cavan’s Kingspan has seen a six per cent increase in profits in the first half of the year.
Profits now stand at €178 million up to June, on totals revenue of over €1.7 billion.
Speaking at the publication of the results recently, CEO Gene Murtagh said changes in the exchange rate between Euro and the Pound were having an effect on the company, with a one pence change costing the company €1 million.
He also defended the company in light of news that some of Kingspan’s products had been used in the Grenfell Tower in London but in the wrong combinations.
He said the company is “very confident” in its products performance when used correctly.
