Irish homebuilder Cairn Homes Plc (CRN.L) reported Thursday that its fiscal 2023 profit after tax grew to 85.4 million euros from last year's 81.0 million euros. Earnings per share were 12.7 cents, up from 11.5 cents a year ago.
Revenue increased 8 percent to 666.8 million euros from prior year's 617.4 million euros.
The company's pipeline of closed and forward sales as of February 28 were 2,473 new homes or 946 million euros, an increase of nearly 1,000 new homes or 400 million euros in twelve months.
Further, Cairn Homes said its Board has recommended a final dividend of 3.2 cent per ordinary share, resulting in a total dividend of 6.3 cent per hare for the year, up from 6.1 cent per share last year.
The proposed final dividend will be paid on May 17 to ordinary shareholders on the Company's register on April 26.
Looking ahead for fiscal 2024, Cairn Homes continues to expect operating profit of around 145 million euros, higher than last year's 113.39 million euros.
The company projects to grow output to around 2,200 units in 2024, an expected 26% increase in delivery.
The year 2024 is expected to be another year of continued momentum and significant growth. The Company is positioned to grow business by a further 30%.
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