All the building blocks seem to be in place for a resumption of dividend payments at housebuilder McInerney Holdings. Interim results this week show a continuance of the strong recovery trend with half year pre-tax profits of £717,000, compared to losses of £165,000 in the comparative period last year. While the company experienced some contraction in the number of house completions, a strong recovery is anticipated with a full year target of 500 completions compared to 454 last year.

Managing director Barry O'Connor says that the group has a good spread of 20 well-located sites with a land bank sufficient for 2,284 plots which should cater for its needs over the next four years. Continued buoyancy in the broad economy continues to favour the development of its business with good margins earned despite rising land and construction costs. The group hopes be able to pass down some of the growth benefits to shareholders by returning to the dividend lists.