Cairn Homes expect €20m profit on the back of robust housing demand

Construction productivity back to 85% of pre-pandemic levels

Cairn Homes closed 207 new homes sales and generated revenues of €80.9 million in the first half of the year. File Picture.

Housebuilder Cairn Homes said pent-up demand for new homes in Ireland has increased as a consequence of the lockdown as the company remained in profit for the first six months of 2020.

The company recorded an operating profit of €5.8m for period, which is down from the €27.3m it earner in the same six months of 2019.