Abbey has said it is “working hard” to increase building activity in Ireland after posting a near 10% year-on-year fall in first half profits. During the six months, Abbey completed 293 house sales; 233 of which were in the UK, 36 were in Ireland and 24 were in the Czech Republic. However, the group said work is progressing on five housing projects in Ireland, that sales have been good and further positive progress is expected. The group is working hard to increase its activity in Ireland,” chairman Charles Gallagher said. In its last financial year, Abbey grew revenues by nearly 6% to €231m, but saw profits fall nearly 10% to €53m.

Source: Irish Examiner December 07, 2019 06:22 UTC