2013 ‘was turning point’ for company

Concrete and cement group CRH expects to return to growth this year, with management suggesting 2013 was the turning point in the group’s profit cycle.

The upbeat outlook, communicated on the back of a harsh set of annual results, was well-received by investors, with CRH’s share price jumping by over 7% in Dublin and by more than 6% in London.

The Dublin-based international building materials giant yesterday reported a pre-tax loss of €215m for 2013, down from a profit of €646m the previous year.