Shares in homebuilder Cairn Homes jumped in Dublin trade today after it reaffirmed its full year guidance and announced a new sharebuy back plan.
In a trading update for the six months to the end of June, Cairn Homes said it had closed sales of 894 homes in the first half of this year, which generated revenue of about €365m.
It said it was poised to deliver an"exceptional output and financial performance in 2024", adding that it expects to deliver year-on-year growth of about 30%. It also said its Board intends to announce a 3.8 cent interim dividend per ordinary share at interim results in September.
Business Cairn Homes Michael Stanley
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