What Cairn Homes’ results tell us about winners and losers in Irish property
How have we gotten here and who does it benefit?, asks Jack Horgan-Jones
Cairn Homes, the publicly quoted home builder, posted a healthy set of results this morning. Revenues were up to €40.9 million from €3.7 million in 2015, it has started building and selling houses (around 20 per week, according to the company), and is turning a profit.
Good for them - the top brass at Cairn are certainly paid enough to demand these kind of results. Chief executive Michael Stanley is paid €425,000 a year, plus an annual...
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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures