Revenues and profit falls at Glenveagh following completion of major projects

Glenveagh said also its profit before tax dropped by 29% from €1.4m to €1m, while earnings per share for the six months fell by 43%

Stephen Garvey - CEO of Glenveagh Properties

Homebuilder Glenveagh Properties said it has completed 800 units of its 2,700 full-year target in the first six months of 2024, up from just 333 units completed in the same time last year. 

Posting its half-year results on Thursday, the Irish home builder reported an 11% drop in total revenue to €152.2m, down from €171.6m in the same six month period in 2023.