Cairn Homes 2016 results: 10 key points

Home builder moves into operating profit as mortgage changes boost demand

9th March, 2017
Cairn Homes in the black at operating level. Pic: RollingNews.ie

Irish home builder Cairn Homes, which is listed on the London market, swung into an operating profit last year as its building activity accelerated.

The group also announced plans to seek a listing on the Irish Stock Exchange this year.

Cairn said total revenues in 2016 were €40.9m, up from €3.7m in 20105, as it completed 105 homes. After an operating loss of just under €3.8m in 2015, the company made an operating profit of...

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