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CRH plc H1 profit climbs 31.7% YOY

CRH PLC said its normalized net income for the first half amounted to 36 euro cents per share, compared with the S&P Capital IQ consensus estimate of 42 cents per share.

EPS rose 30.4% year over year from 28 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €301.0 million, an increase of 31.7% from €228.5 million in the year-earlier period.

Total revenue increased year over year to €13.00 billion from €12.69 billion, and total operating expenses grew year over year to €12.35 billion from €12.11 billion.

Reported net income grew 30.2% year over year to €363.2 million, or 43 cents per share, from €278.9 million, or 34 cents per share.