StockMarketWire.com - Building materials group CRH said it expected to report a larger annual profit and operating earnings in excess of €4.15bn following a 'strong' performance in the nine months through September.

Earnings before interest, tax, depreciation and amortisation for the year through December were seen rising from €3.37bn a year earlier. 'We expect full-year profit before tax from continued and discontinued operations to be ahead of 2018's €1.9bn,' CRH added.

For the period 1 January 2019 to 30 September 2019, sales increased 9% to €21.8bn and EBITDA rose 27% to €3.2bn.

Looking ahead to 2020, CRH said it expected 'solid' market fundamentals to continue across its key markets.

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