Abbey sees 'steady pick-up' in Irish housing

Abbey sees 'steady pick-up' in Irish housing
Charles Gallagher, executive chairman, Abbey Picture: Maura Hickey

Builder reports fall in profits, but hopes easier credit will support Irish recovery

Dublin-listed housebuilding company Abbey has reported a fall in pre-tax profits for the first half of its financial year.

Pre-tax profits for the six months to the end of October were just under €21.8m, compared with €29.7m a year earlier. This was mainly due to fewer sales in Britain.

Abbey completed 252 house sales during the period - with 219 of these in the UK and just 15 in Ireland. The Irish figure was unchanged...

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