CRH: stock up after annual results announced
(CercleFinance.com) - The CRH share is up around 1% in London after the Irish building materials group published a net profit excluding exceptional items that is up 18% at two billion dollars for 2020.
Group EBITDA increased by 3% to 4.6 billion dollars, reflecting the focus on cost rationalisation and measures to mitigate the impact of the pandemic, while sales slipped 2% on a comparable basis to 27.6 billion dollars.
The Board of Directors has decided to increase its dividend by 25% to 115 cents, and to resume share buybacks with an additional 300 million dollars by the end of June 2021.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
Group EBITDA increased by 3% to 4.6 billion dollars, reflecting the focus on cost rationalisation and measures to mitigate the impact of the pandemic, while sales slipped 2% on a comparable basis to 27.6 billion dollars.
The Board of Directors has decided to increase its dividend by 25% to 115 cents, and to resume share buybacks with an additional 300 million dollars by the end of June 2021.
Copyright (c) 2021 CercleFinance.com. All rights reserved.