CRH says sales revenue fell 10% and operating profit dipped 50% in H1 2010 compared with same period in 2009
Jul 7th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
CRH plc, which is headquartered in Dublin, Ireland and is the second-biggest building materials supplier in the world, and the market leader in the United States, in a trading statement issued this morning for the six months (H1 2010) ended June 30, 2010, reported that sales revenue fell 10% and the group expects EBITDA (Enterprise Value/Earnings Before Interest, Taxes, Depreciation and Amortization or Enterprise Multiple) for the seasonally less profitable first half of 2010 will show a decline of approximately 20% (H1 2009: €0.65bn). Operating profit for the six months to June is expected to be approximately 50% of last year's outcome (H1 2009: €0.24bn).