CRH - August 2016
CRH's first-half turnover advanced by 35 per cent to EUR12,693m and EBITDA more than doubled to EUR1120m, with the underlying increase being 20 per cent. The trading profit rose from EUR189m to EUR588m and after a net interest charge 28.1 per cent higher at EUR178m, the pretax profit jumped from EUR63m to EUR407m. The net attributable result improved from EUR46m to EUR279m. Net debt at the end of June was around EUR7100m, compared with EUR1212m, giving a gearing level of 56.5 per cent, which compares with 9.7 per cent a year earlier and a pro-forma net debt of be around EUR8600m post the Holcim/Lafarge and the CR Laurence deals. Capital expenditure in the period was 20.7 per cent higher at EUR408m while spending on acquisitions just over doubled to EUR150m.