CRH - August 2014
CRH's first-half turnover advanced by four per cent to EUR8324m and EBITDA improved by 27.2 per cent to EUR505m. The trading profit jumped from EUR41m to EUR171m and after a net interest charge 2.7 per cent higher at EUR150m, the pretax result went from a loss of EUR71m to a EUR61m profit. The net attributable result went from a EUR57m loss to a EUR46m profit. Net debt at the end of June was 11.6 per cent lower at EUR3703m, giving a gearing level of 39.9 per cent, which compares with 38.8 per cent a year earlier. Capital expenditure in the period was 25.1 per cent lower at EUR215m while spending on acquisitions declined by 49.8 per cent to EUR115m.