CRH interims lift City blues

Article Abstract:

International building materials company CRH, which has headquarters in Dublin, Ireland, has made 21.4 million pounds sterling pre-tax profits for the first half of 1992, an increase of 7%. CRH trades in the UK, USA, Netherlands and Spain. This creates a balance of earnings between independent economies. CRH's chief executive Tony Barry believes profits for FY 1992 will decline to 55 million pounds sterling. CRH is helped by the geographical extent of the group. Profits fell in Ireland although turnover was 20% against the USA turnover of 15% where profits rose due to Pres Bush's road programme.

United Kingdom, Design and construction, Dublin, Ireland (City), CRH PLC, Dublin, Ireland

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Hepworth: the City favourite

Article Abstract:

Building materials and heating equipment manufacturer, Hepworth is considered to be performing well in difficut conditions. Financial analysts believe its approach to the recession has been excellent. Hepworth has introduced new products, cut costs and increased its share of the European market. Even so, the company's profits for 1991 were 22% lower than in 1990. Its French boiler making division, Saunier Duval was the best performer with a profit increase of 22.5%. The Building Products division is increasing its share of the plastic and concrete pipe market but its profits fell by 38.5%.

Hepworth PLC

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Explosive charges

Article Abstract:

Main UK building material manufacturers intend to increase their prices substantially over 1993. This threatens the construction industry's profits. British Gypsum will increase its prices by 12% on Mar 1 1993 and Pilkington and British Steel intend to increase prices by up to 13%. The devaluation of the pound sterling has allowed building materials manufacturers to be more competitive. They will be able to offer prices 10% lower than European rivals even with a double figure percentage rise. Contractors will need to stop using fixed priced tenders to avoid liquidation.

Prices and rates

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