Property market strength continues to buoy business
Profit and revenue at home builder Cairn Homes rose last year, buoyed by the ongoing demand in Ireland’s property market.
Gross profit was €187 million, up from €147.6 million, with a gross margin of 21.7 per cent compared to 22.1 per cent a year earlier. Operating profit grew 32 per cent from €113.4 million to €150 million last year.Automating workflow pays rich dividends for Ireland’s latest unicorn The construction company returned €115.3 million to shareholders through share buyback programmes and dividend policy during the year, with dividend per share rising by 30 per cent to 8.2 cent, including a proposed final dividend of 4.4 cent that is subject to shareholder approval at its May AGM.
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