Cairn Homes says its construction activity is back to 85pc of pre-pandemic levels and expects to book an operating profit this year of €20m, better than previously forecast. Separately, Cairn announced this morning it has bought the former Esmonde Motors site in Stillorgan, Co Dublin for €14m. Read MoreCairn's first-half results published today confirm that the Euronext Dublin-listed firm made a €5.8m operating profit in the first six months of 2020. Cairn resumed construction on 15 sites on May 18 and reopened show homes by appointment on June 8. They continue to trade at approximately a 50pc discount to their pre-crisis levels, closing yesterday at €0.80.

Source: Irish Independent September 10, 2020 06:33 UTC