Cairn Homes in profit as building accelerates

Cairn Homes in profit as building accelerates

Home builder targeting 11,500 new homes at its 27 sites

Irish home builder Cairn Homes, which is listed on the London stock market, has reported a pre-tax profit before exceptional items of just over €500,000 for the first half of this year, following a €1m loss in the same period last year as it accelerated its building activity.

After exceptional costs of €1.2m, there was a pre-tax loss of just over €700,000. Total revenues of €16m generated operating profits of just over €2.8m.

Cairn Homes says it...

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