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Housing Today
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Insulation firm Kingspan sees jump in profit
But company much criticised in Grenfell Inquiry warns over materials supply ‘constraints’
Profit and revenue at Kingspan both grew in the first half of 2021 despite the pressure caused by materials shortages and price inflation, the firm’s latest financial results show.
Pre-tax profit grew by 67% compared to the same period last year, with the firm posting a profit of €297m (£157m) in the first half of this year, down from €178m (£157m) in 2020.
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