Abbey profit drops, prices under pressure

Abbey has reported pre-tax profit of €3.35 million for the six months ending on October 31st, a drop from €5.5 million for the same period a year ago.

8th December, 2011

Abbey has reported pre-tax profit of €3.35 million for the six months ending on October 31st, a drop from €5.5 million for the same period a year ago.

The housebuilding division completed 146 sales, of which 19 were in Ireland, with a turnover of €26.98 million.

It said sales in autumn were sluggish and it had needed to discount selectively to generate activity.

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