Construction firm McInerney has reported has a pre-tax profit of €40.7 million for last year, an increase of 43 per cent on 2003.
The company said sales rose to €373.4 million in 2004, up from €343.3 million the previous year.
The board said market and trading conditions remained robust across the group's three core regions of Ireland, the UK and Spain. It said the business benefited from continued buoyancy in the first time-buyer market, in Ireland and the UK.
The board is paying a final dividend of 11 cents gross per share providing a total of 18 cents per share for the year.
In the year under review, there were a total of 1,614 private home completions across all operations compared to 1,481 in 2003.
Group chairman Mr Ned Sullivan said all subsidiaries are well placed to provide continued revenue growth going forward. In particular, it is expected substantial unit increases will be forthcoming from the UK and Spain in 2005.