CRH issues upbeat outlook after reporting double digit growth in half year profits and sales

The buildings materials giant said it expects its European business to remain challenged due to inflation pressures but added that its Americas division is performing strongly

Albert Manifold, the veteran chief executive of CRH, said he expected the group to continue to deliver strong returns for investors

CRH, the buildings materials giant, recorded double-digit profit and sales growth for the first half of this year despite multiple inflationary headwinds and challenges in the construction materials market.

Announcing half year results on Thursday, CRH reported a 35 per cent increase in operating profits for the first six months of 2022 to just under $1.4 billion, as profit margins expanded from a robust 9.2 per cent.

The Dublin-headquartered company posted a 21 per cent ...