CRH CRH Plc

By Olga Cotaga

LONDON--CRH PLC (CRG.DB), a manufacturer of building materials, reported improved full-year earnings, reflecting higher volume sales, cost-savings and gains from new acquired assets.

The FTSE-100 company reported earnings before interest, taxes, depreciation and amortization of 3.13 billion euros ($3.77 billion) in 2016, more than EUR2.22 billion made in the previous year. Revenue increased 15% to EUR27.10 billion from EUR23.64 billion, in part reflecting sales from the newly acquired LH Assets and C.R. Laurence business.

Previously, the company had guided Ebitda at more than EUR3 billion for 2016.

The board recommended a final dividend of 46.2 euro cents a share, bringing the total payout for the year to 65 euro cents, up 4% from 62.5 euro cents a year earlier.

In the year-to-date CRH has made eight acquisitions worth a total of EUR500 million, and agreed to sell six businesses for EUR400 million.

Shares closed at 2,720 pence on Tuesday.

-Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter @OlgaCotaga

(END) Dow Jones Newswires

March 01, 2017 03:11 ET (08:11 GMT)

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