CRH shares jump as group eyes 14% surge in annual profit to €4.6bn

Shares in building materials giant CRH jumped on the back of a 14% surge in earnings this year.

CRH chief executive Albert Manifold said the building materials group continues to perform well and is on track for record growth this year.

Shares in building materials giant CRH jumped on the back of it saying it expects earnings for this year to surge by around 14% to more than $5.25bn (€4.6bn).

The Dublin-headquartered concrete and cement producer said sales for the first nine months of this year amounted to $22.8bn; 11% up on a year-on-year basis.