McInerney profits rise by 14%

BUILDERS McInerney Holdings reported a 14% rise in full-year profits, with housebuilding activity in Ireland exceptionally strong.

The company built 1,011 homes last year up from 838 in 2001 and said the outlook for housebuilding in Ireland this year was also looking positive following a good start to the spring selling season.

McInerney Holdings managing director Barry O’Connor said deposits on hand for homes this year were up to 462 compared with 233 in early 2002.