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Kingspan sees profits fall
Housing slump hurts construction kingpin
The Cavan-based Kingspan Group will see lowered earnings as a result of the construction slowdown.
The group, which includes Kingspan Century, Ireland's largest timber-frame building manufacturer issued a statement saying trading over the first four months of the
year has been challenging due primarily to the slowdown in residential construction in Ireland and the UK.
The firm also noted that increased raw material costs were an issue.
"If you want guidance, I would be trending towards the lower end of what is out there," Murtagh told reporters when asked about expected earnings this year.
Last modified on Thursday, 15 May 2008 18:42