Friday April 3, 2020

Hanging on for a recovery

After a tough six months, Cement Roadstone Holdings' outlook has now improved somewhat, says Myles Lee, ceo of Ireland's largest listed company, writes Philip Connolly.

24th August, 2013
Myles Lee, chief executive of CRH: 'The European business is tough at the moment.' Photo: Jason Clarke

It was a tough week for CRH, as the building materials group saw its operating profits for the period fall from €162 million to €41 million. The €11.9 billion giant, which is the largest company on the Irish Stock Exchange, had a pre-tax loss of €71 million, versus a profit of €102 million in the same period last year, while its Ebitda earnings fell 24 per cent to €397 million.

Initially, CRH shares fell as much...

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