Sunday 21 December 2014

CRH turns profitable in first half

Published 19/08/2014 | 07:34

CRH finance chief Maeve Carton and CEO Albert Manifold . Photo: Frank McGrath
CRH finance chief Maeve Carton and CEO Albert Manifold. Photo: Frank McGrath

BUILDING materials giant CRH has reported a first half pre-tax profit of €61m compared with a loss of €71m in the same period last year.

Sales were also up at just over €8.2bn with the company on track for second half

earnings before interest, tax, depreciation and amortisation or EBITDA ahead of last year's €1.08bn assuming normal weather patterns and no major market dislocations as well as contributions from acquisitions and cost saving measures.

Basic earnings per share was 6.1 cents, compared to loss of 7.8 cents last year.

EBITDA, grew 27pc from last year which was in line with earlier guidance.

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