CRH gets €100m profit boost

BUILDING materials' giant CRH's first half pre-tax profits will be ahead €100 million, according to Goodbody Stockbrokers which has upped its target price on the company's shares.

Goodbody analyst Robert Eason has released a 29-page report on the Irish company which has operations across the globe.

"CRH's recent upbeat trading statement confirmed the company is set for a significant rebound in H1 profits on the back of strong contributions from acquisitions and an improved trading environment. As a result we are forecasting circa €100.5m increase in pre-tax profits to €261.3m," Mr Eason said.