Profit rise of 33% to fuel further CRH acquisitions

CRH is to continue spending on acquisitions this year on the back of continued financial growth in 2011, which included a 33% rise in pre-tax profits.

Speaking yesterday, on the back of the publication of the Irish building materials group’s 2011 financialresults, chief executive Myles Lee said that the business would be “reasonably active” in the marketplace in 2012 after seeing the immediate effects of a €600m spend last year.

“Benefits from acquisitions completed in 2011 leads us to expect further progress in the year ahead,” Mr Lee said.