CRH Profit Rose on Robust Pricing; Raises Dividend
24 Agosto 2023 - 8:46AM
Dow Jones News
By Michael Susin
CRH reported a higher first-half pretax profit on the back of
robust pricing, which offset cost inflation, and raised its
dividend payout.
The Irish building-materials supplier posted on Thursday a
pretax profit of $1.51 billion for the first six months of the year
compared with $1.20 billion for the same period last year. Revenue
rose to $16.14 billion from $15.0 billion.
Earnings before interest, taxes, depreciation and amortization
came in at $2.52 billion compared with $2.21 billion a year
ago.
On April 26, the company said both sales and Ebitda were
anticipated to be ahead of prior-year levels.
The company said Thursday that performance was driven by
significant contributions from prior-year acquisitions and good
underlying demand in key end-use markets.
Looking ahead, CRH expects full-year Ebitda to be around $6.2
billion, ahead of 2022 levels of $5.62 billion.
The board declared an interim dividend of 0.25 cents a share, up
from 24 cents a year before.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
August 24, 2023 07:31 ET (11:31 GMT)
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