Glenveagh returns to profit in first half of year

Figures, earlier this year, showed that the initial closure of construction sites during last year’s early lockdown period wiped around €2bn off the value of construction output.

Housebuilder Glenveagh Properties has reported a pre-tax profit of €2.6m for the first half of this year.

Housebuilder Glenveagh Properties has reported a pre-tax profit of €2.6m for the first half of this year.

The figure compares to a €27.3m loss for the same period last year, which was heavily affected by Covid restrictions. Similarly, Glenveagh’s revenues for the first six months of this year surged to €127.5m, from a comparatively lowly €37m 12 months previously.