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CRH predicts fall in pretax profits

Irish buildings materials giant CRH said in a trading statement that it expects operating profits for the first six months of the year to be one-third of the €700 million it recorded in 2008.

Profit before tax is expected to be of the order of €100 million after restructuring costs of approximately €75 million and an adverse translation impact at profit before tax level of approximately €20 million. This compares with a first-half 2008 profit before tax outturn of €600 million.



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