CRH Concrete Sales Down 24% For 2010 H1

[HouseBuyer]

crh.ie/investor-relations/~/ … vFinal.pdf

Concrete sales are essentially a proxy for construction activity. It seems pretty safe to assume that construction activity for 2010 H1 is down 24% on 2009 H1.

[mr_anderson]

Wonder how our other concrete products provider is fairing ?

[Renting_And_Proud]

Share price down almost 17% in a day

I suppose that’s what leading the ISEQ downward charge?

[ps200306]

Come the revolution there’ll be a new market in concrete shoes for politicians. (joking!)

[Mossy_Heneberry]

@ps200306

Come the revolution there’ll be a new market in concrete shoes for politicians. (joking!)

No, it’ll be piano wire and lamp posts.

[BoyRacer]

@mr_anderson

Wonder how our other concrete products provider is fairing ?

Readymix plc provides guidance for 2010 half year results → https://www.cemex.ie/ic/ic_pr_20100715.html

July 15th, 2010 - Readymix plc announced today that total revenues for the first six months of the year are down 29% versus H1 2009. The Company expects an operating loss before tax and exceptional items of approximately €6.1 million versus a loss of €7.1 million for the same period last year. The total loss before tax will be approximately €6.6m compared to a loss of €6.9m for H1 2009.

Given the challenging macro economic conditions, particularly as they relate to the construction sector, Readymix plc does not anticipate an improved trading performance for the second half of 2010.

This guidance is being issued by Readymix plc in advance of its half year results for the period ending 30 June 2010.

[John_Galt]

wait till the spirit of Ireland boys get started, how much concrete will they need

[ps200306]

@John Galt

wait till the spirit of Ireland boys get started, how much concrete will they need

Less than you might think. According to them: “Low cost rock fill dams can be safely used in Ireland because it is in one of the areas of lowest seismic activity in the World. Concrete dams would be an unnecessary expense”.