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Mar 20 2020, 07:50 GMT
The decision to withdraw its final dividend is a prudent and pre-emptive response by Kingspan to sudden and unprecedented developments globally. It will save circa €60m and ringfences an already strong financial position. The group has over €1bn of cash balances and uncommitted credit facilities. As is the case for all businesses, the short term is worryingly uncertain but Kingspan is well positioned to successfully emerge on the other side.