Abbey stoic in face of Brexit as profits increase 8%

Irish housebuilding group Abbey has said it remains upbeat about its prospects after reporting a near 8% annualised rise in profits for the first half of its financial year.

The Meath-based company said pre-tax profits for the six months to the end of October amounted to €23.42m; up from a profit of €21.76m for the corresponding period last year. Group revenue was up by 2.4%, year-on-year, at €90.4m.