Kingspan has announced a good performance for the first six months of the year to date but warned that any slowdown in housing outpput would affect future profits.
The building materials company confirmed today it expects operating profits for the year to grow 20 per cent over its 2006 figure of €194 million.
The company said that despite a "tempering" of the Irish residential market, the non-residential sector continues to be strong resulting in the overall demand for the company's goods remaining high.
The company reported that its UK, western and eastern European operations are also performing well and that CEE market activity has been "unseasonably strong".
Measures to consolidate the company's UK off-site market are under way, but profits remain low while this process is completed, although the company reported increased sales for the first six months of this year in the region.