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Cairn Homes profit falls on pandemic dent to homebuilding activity
StockMarketWire.com
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Irish homebuilding company Cairn Homes reported fall in annual profit as homebuilding activity was hampered by the pandemic impact.
For the year ended 31 December 2020, pre-tax profit fell to €14.8 million from €58.6 million year-on-year as revenue fell to €261.9 million from €435.3 million.
Performance was hurt by five months of limited sales activity since March 2020 during two separate lockdowns.
Baring no further Covid-related site closures after 6 April 2021, the company is targeting 2,500 closed sales by the end of 2022, including about 950 to 1,050 closed sales in 2021
At 10:07am: (LON:CRN) Cairn Homes Plc share price was 0p at 0.99p
Story provided by StockMarketWire.com
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