Cairn Homes earnings jump; buyback launched and dividend increased
For six months ended 30 June, revenue rose 60% year-on-year to €455.5m on 1,139 deliveries. Operating profit rose 75% to €74.8m; profit after tax surged 84% to €58.4m, EPS up 82% to 9.3 cents.
Revenue for the six months ended 30 June jumped 60% year-on-year to €455.5m, driven by the delivery of 1,139 units compared with 708 a year earlier.Operating profit rose 75% to €74.8m, while profit after tax surged 84% to €58.4m from €31.7m.
Earnings per share increased 82% to 9.3 cents.Cairn annou…