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| CRH expects to deliver full-year 2009 EBITDA close to €1.8 billion Irish building materials giant CRH said its sales, on a like-for-like basis, declined by 18% in the second half of 2009, a modest improvement on the 21% first half fall, while benefits from cost reduction measures combined with more moderate energy-related input costs than in second half 2008, resulted in an easing in the rate of profit decline experienced in the first half. Against this backdrop CRH expects to deliver full-year 2009 EBITDA close to €1.8 billion (2008: €2.665 billion) with profit before tax of approximately €0.75 billion (2008: €1.628 billion) prior to asset impairment charges, in line with the guidance provided in CRH's Interim Management Statement of 10 November. This would represent a decline of approximately one-third in EBITDA and of approximately 55% in PBT. Profit is stated after once-off charges of €0.2 billion associated with cost reduction action taken in 2009. write your comments about the article :: © 2010 Construction News :: home page |