CRH expects €1.25bn full-year profits
04/01/2006 - 11:33:06Construction giant CRH has said it expects pre-tax profits of more than €1.25bn for 2005.
In a trading statement, the company today said first half activity benefited from strong organic growth in American operations and this, combined with incremental contributions from 2004 and 2005 acquisitions resulted in a €64m increase in profit before tax to €383m.
In Ireland , CRH reported continuing strength in residential construction, recovery in commercial and industrial and ongoing investment in infrastructure.
Activities in Finland and the Baltic states picked up steadily through the second half of the year, while deman in Polish operations also strengthened during the second half.
