Cairn Homes has reported a 28 per cent increase in operating profit to €68 million for 2019.
It came on the back of a 29 per cent increase in revenues, from €337 million in 2018 to €435.3 million last year.
This was driven by increased production after the housebuilder sold 1,080 homes last year at an average price of €372,000 excluding Vat. The previous year it sold 804 houses and apartments at an average selling price of €366,000.
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