Big buys swell CRH's first-half profits

American momentum and European recovery helping business, says chief executive

25th August, 2016
CRH chief executive Albert Manifold Pic:

Revenue was up 35 per cent to just under €12.7 billion, while earnings before interest, tax, depreciation and amortisation more than doubled to €1.12 billion. The interim dividend has been raised by 1.6 per cent to 18.8 cent.

The company said underlying sales were up 8 per cent, with a 3 per cent increase in Europe, a 13 per cent rise in the Americas and a 4 per cent rise in Asia.

Chief executive Albert Manifold described the first half as "very...

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