McInerney Holdings plc today announced it has acquired UK based Bowey Homes Holdings Limited, a regional home builder in the north east of England for €34.52m.

Construction company McInerney Holdings PLC has announced a downturn in profits for the first six months of this year.

Builders McInerney Holdings have created a new operational structure in the UK as part of a growth strategy.

McInerney Holdings plc has completed the acquisition of Alexander Developments, an independent house-building firm in the north-east of England.

Building firm McInerney Holdings has appointed Tommy Drumm and Mark Shakespeare as Executive Directors to its Board.

BUILDERS McInerney are on course to record pre-tax profits of €26 million when the company publishes full-year results for 2003 at the end of February, Davy Stockbrokers said yesterday.

INVESTORS in McInerney Holdings plc who have seen the value of their shares increase by 64% this year received a dividend boost yesterday when the company announced a 17% increase in pre-tax profits.

Building group McInerney Holdings plc has reported pre-tax profits of €8.53m for the first-half of 2003.