CRH witnesses an uptake in profit

Financial

CRH witnesses an uptake in profit

14 December, 2020

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The revenues improved due to positive momentum in the America

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Dublin-based CRH recorded a significant increase in pre-tax profit to EUR 1.03 billion in 2015 as compared to EUR 761 million in the same period a year earlier, reports RTE.

The company's revenues increased by 25 percent to EUR 23.64 billion in 2015 as compared to EUR 18.91 billion in the same period a year earlier. The revenue increased due to continued positive momentum in the Americas and more mixed market conditions in Europe.

"While cement volumes grew by 17%, pricing was under pressure in competitive markets. With the benefit of higher volumes and the positive impact of cost savings initiatives in previous years, operating profit was ahead of 2014," said an official from the company.

Financial