Home / News / CRH profits halved

CRH profits halved

Building materials company CRH saw pre-tax profits fall by 55% in 2009, although the second half of the year was better than expected
Profits were down to £664m sales that fell 17% to £15.8bn at the group, which includes Ibstock and Forticrete.

CRH said it expects continued difficult trading conditions across all non-residential markets, not helped by the bad weather at the start of the year.

Myles Lee, chief executive, said: “Residential and non-residential markets declined during 2009 in both Europe and the US, with government-funded infrastructure investment only partially compensating.”

About Fiona Russell-Horne

Fiona Russell-Horne
Group Managing Editor across the BMJ portfolio.

Check Also

James Burrell goes on recruitment path

Independent builders merchant, James Burrell is recruiting, despite the challenges laid down by the three …