CRH shares see fall over 23.5% drop in turnover

BUILDING materials group CRH had a 23.5% drop in turnover in the first two months of this year, it said in a trading update yesterday.

CRH shares see fall over 23.5% drop in turnover

Following the announcement, ahead of the group’s AGM in Dún Laoghaire, Co Dublin, shares in CRH were down over 3% at one point. By the close they were trading at €19.51, down 2.61% or 52 cent.

The group blamed exceptionally harsh winter weather experienced during those months. It said more normal seasonal weather in March and April, as well as a rebound from very depressed levels of activity in the first two months, resulted in a sales decline of 14% for the first four months of 2010.

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