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| CRH expects decline in profits Irish building materials group CRH plc said it expects its operating profit will show a low-single-digit percentage decline compared with last year's euro 1.106 billion in Europe. Overall for the Americas CRH expects a mid-teen percentage decline in full year US$ operating profit compared with last year's US$1.343 billion. However, with a more favourable projected full-year 2008 US$/euro exchange rate of 1.47, previously 1.51 (2007: 1.3705), CRH continues to expect a full year operating profit decline in euro terms of approximately 20% (2007: euro 0.980 billion). write your comments about the article :: © 2008 Construction News :: home page |