Kingscourt Ireland, March 6, 2006--Access flooring and insulation firm Kingspan ramped up profits last year but cautioned of a more stringent regulatory environment.
"From mid 2006 a more stringent regulatory environment will exist. This is designed to improve the sustainable development profile of buildings in the UK," said Kingspan.
They got off to a good start in 2006 with the economies in which it operates quite stable in general, said Kingspan, adding that some improvement is expected in certain sectors later in the year.
Kingspan reported a 40% increase in pre-tax profit to €135.0m for the year to December from €96.4m. Turnover rose 30% to €1.24bn.
The total dividend per share for the year soared 40% to 13.4 cents from 9.6 cents last time.
