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| CRH six-months profit down Irish building materials group CRH has reported profit before tax for the six months to 30th June decreased by 10% to euro 606 million while earnings per share fell by 8% to 85.5 cent. In constant currency terms profit before tax declined by 7% and earnings per share by 5%. EBITDA/net interest cover remains high at 9 times for the twelve months to June 2008, well above the group's comfort range of 6 to 6.5 times. The interim dividend is 20.5c, an increase of 2.5%. First-half expenditure on acquisitions and investments totalled euro 0.7 billion including the purchase of a 45% stake in Indian cement manufacturer My Home Industries and 100% of UK construction accessories producer Ancon together with 35 other acquisitions across CRH's operations. write your comments about the article :: © 2008 Construction News :: home page |