Cairn Homes to resume dividend on back of first half recovery

The company has grown its order book from €214m in January to a high of €655m

Cairn Homes said it will deliver 2,550 houses this year and next.

House building company Cairn Homes is to recommence shareholder dividends and expects to generate higher profits this year than previously anticipated, having seen a strong recovery in the first half of 2021.

Cairn has reported a first half operating profit of €11.7m; more than double what it made in the first half of last year. Revenue, for the six months to the end of June, was up 61% year-on-year at €130.6m.