Company watch: As profits double in one year, Cairn positions itself to become a ‘national housebuilder’

The construction company’s interim results reveal operating profit of €11.7 million in the first half of the year, while several large housing developments are on the way in Cork, Kilkenny and Galway

Michael Stanley, chief executive of Cairn Homes: ‘We believe that we’re now scaled enough to start moving towards being more of a national housebuilder.’ Picture: Bryan Meade

After months of lying dormant during the worst of the pandemic, housebuilders are about six months back on site and helping address the chronic shortage of homes on the market.

Cairn Homes, one of the leading builders of new homes in the country, is reaping the rewards of the lifting of restrictions with revenues, operating profit and a host of other metrics all heading in the right direction in its latest set of interim results ...