CRH - August 2015
CRH's 1H15 turnover advanced by 12.6 per cent to EUR9370m and EBITDA improved by 9.9 per cent to EUR555m. The trading profit increased by 11.2 per cent to EUR189m and after a net interest charge 8.6 per cent higher at EUR139m, the pretax profit increased by 3.3 per cent to EUR63m. The net attributable result improved by EUR1m to EUR46m. Net debt at the end of June was 67.3 per cent lower at EUR1212m, giving a gearing level of 9.7 per cent, which compares with 39.9 per cent a year earlier. Post Lafarge-Holcim and CR Laurence deals, the pro-forma net debt would be around EUR8600m. Capital expenditure in the period was 58.7 per cent higher at EUR338m while spending on acquisitions declined by 37.7 per cent to EUR74m.