Summary
Building materials group CRH yesterday said it expects pretax profit for last year to be 23 per cent ahead of 2005.
The firm, which is due to publish full-year results on March 6, said it also hopes to see further progress this year after spending 2.1 billion euros (pounds 1.41 billion) on acquisitions in 2006. In a trading statement CRH said that profit before tax in 2006 had likely risen by about 300 million euros (pounds 202 million) - 60 million euros (pounds 40.4 million) more than analysts' consensus forecast. Analysts had expected the Irish company - one of the world's biggest suppliers to builders and owner of the UK's largest brick maker Ibstock - to post a pretax profit of 1.52 billion euros (pounds 1.02 billion) versus 1.28 billion (pounds 862 million) in 2005.See the full content of this document
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Crh to Build On Profits
Davy analyst Barry Dixon said the company's projected outturn was two per cent ahead of his own...
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