UK’s Aggregate Industries year profits up

UK’s Aggregate Industries year profits up
Published: 07 March 2005

UK construction group Aggregate Industries Plc, which has agreed to a GBP1.8bn ($3.4bn) takeover by Swiss company Holcim , reported a five per cent rise in annual profit on Monday.  Pretax profit for the year ending December rose to GBP147.6m, in line with a consensus forecast.  Holcim, the world’s second-biggest cement maker, has already acquired over 78 per cent of Aggregate Industries’ share capital. The company is currently awaiting clearance on the deal from European competition authorities.