CRH: stock up after deals and results announced.
(CercleFinance.com) - The CRH stock is up 3.
7% in early trading in London today, in demand after the supplier of building materials announced the sale of its distribution business in N & S America, alongside its interim results.
The Irish group has entered into an agreement with Beacon Roofing Supply to sell this business, which generated sales of 2.6 billion euros, for a total of 2.63 billion dollars in cash.
In addition, CRH unveiled H1 EPS that is up 29% at 43.5 cents, with EBITDA that is up 5% at 1,175 million euros and revenues that are up 2% at 13 billion euros.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
7% in early trading in London today, in demand after the supplier of building materials announced the sale of its distribution business in N & S America, alongside its interim results.
The Irish group has entered into an agreement with Beacon Roofing Supply to sell this business, which generated sales of 2.6 billion euros, for a total of 2.63 billion dollars in cash.
In addition, CRH unveiled H1 EPS that is up 29% at 43.5 cents, with EBITDA that is up 5% at 1,175 million euros and revenues that are up 2% at 13 billion euros.
Copyright (c) 2017 CercleFinance.com. All rights reserved.