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This significant change doesn’t mean a complete departure from European exchanges for CRH. The company will retain a standard listing on the London Stock Exchange, where it has been listed since 2005. The move to an American primary listing mirrors the company’s operational focus, given that North America generates roughly 75% of CRH’s earnings before interest, taxes, depreciation, and amortization.
The decision to shift towards a U.S. primary listing aligns with CRH’s future growth strategy. The company anticipates that the U.S. market, with its ongoing economic expansion, growing population, and substantial construction requirements, will be a key driver of its progress.
In terms of financial performance, CRH has demonstrated encouraging results in the first half of this year. The company reported a pretax profit of $1.51 billion, marking an increase from $1.20 billion during the same period last year. Revenue also showed positive momentum, growing by 7.6% to reach $16.14 billion.
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