CRH first quarter sales up 9%

Ireland-based CRH reported group revenues up 9% in the first quarter of the year with a 22% rise in its American segment and a 12% increase in Asia.

The building material firm also spent $97m (€85m) on investments and takeovers while selling $88m (€78m) worth of assets.

CRH estimates earnings will surge by mid-single digit percentage to almost $1.2bn (€1bn) in the first half of 2016.

Construction demand in the US is also projected to rise moderately.

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