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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 3 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago