Gene Murtagh, chief executive of international insulation group Kingspan, has been chosen as The Irish Times Business Person of the Month for August. Against the backdrop of the impact of Covid-19, the Kingscourt, Co Cavan-based company outperformed market expectations with its interim results. While the pandemic led to an inevitable contraction in orders during the first half of the year, Kingspan’s profit performance beat analysts’ forecasts. Its trading profit fell 13 per cent to €200 million in the first six months, down from €230.4 million a year earlier. But stockbrokers had predicted that Kingspan’s profits would fall by between €135 million and €175 million.

Source: The Irish Times October 02, 2020 05:03 UTC