Albany Homes profits rise by 40%

ALBANY HOMES, which is owned by top property developer David Daly, saw pre-tax profits rise by 40% last year.

Accounts just filed for the company, which focuses mainly on the residential housing market, show pre-tax profits grew to €24.7 million in the year to end September 2005, from €17m a year earlier.

Turnover increased from €86m to just over €141m, with €101m of this generated from Irish housing sales and €31m in Britain.