Cairn Homes reports 86 per cent increase in gross profits
Homebuilder’s strong profitability comes on the back of a 61 per cent increase in revenue to €130.6 million in the first six months of the year
Cairn Homes has reported an 86 per cent increase in gross profit from €13 million to €24.2 million in the six months to the end of June 2021.
The homebuilder's strong profitability was delivered on the back of a 61 per cent increase in revenue from €80.9 million in the first half of 2020 to €130.6 million over the corresponding period this year as demand for its homes picked up sharply.
Michael Stanely, the chief executive of Cairn Homes,...
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