Abbey profits up, but Brexit clouds outlook

Abbey profits up, but Brexit clouds outlook
Abbey's Delgany development was launched in June

Irish prospects are brighter despite Brexit shadow

Dublin-listed housebuilder Abbey, which has operations in Britain, Ireland and the Czech Republic, has reported strong growth in annual profits, though it says the Brexit vote has now clouded the outlook.

The company said pre-tax profits for the year to the end of April were €61.5m, up from €49.1m a year earlier. Abbey's board is recommending a final dividend of eight cent per share.

During the year, Abbey sold 597 housing units – 544...

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