CRH CRH Plc

By Jaime Llinares Taboada

CRH PLC on Thursday reported that its profit rose last year, reflecting strong demand growth.

The Irish building-materials supplier made a pretax profit of $3.34 billion in 2021 up from $1.66 billion in 2020.

Earnings before interest, taxes, depreciation and amortization rose 16% to $5.35 billion. Back in November, CRH had forecast full-year Ebitda in excess of $5.25 billion.

The group declared a final dividend of 98 cents a share, bringing the full-year distribution to 121 cents up from 115 cents a year earlier.

As for 2022, CRH expects underlying demand and the pricing backdrop to remain favorable, albeit against an inflationary cost environment and continued supply challenges.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

March 03, 2022 02:28 ET (07:28 GMT)

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