Building group McInerney Holdings will report a "strongly improved performance" for last year it publishes its financial results next month, according to a trading statement published by the company today.
The statement says "a substantial increase in both total Group housing completions and in deposits on hand for 2004" will be reported when preliminary financial results are published in February.
Total private house completions for the Group, which operates in Ireland, Britain and Spain increased by 28 per cent to 1,481 in 2003, from 1,161 in 2002.
Managing Director, Mr Barry O'Connor said that the group's performance, particularly in the private housing sectors in Ireland and the Britain, was robust.
"The Group recorded a strong operational performance in 2003. The Irish housing market continued to show strong demand. Our UK housing division continued to take best advantage of the buoyant market in the north west of England and is well positioned for further expansion opportunities.
"The Group is well placed for 2004. The strong level of deposits on hand provides the group with high visibility of earnings. Our growth strategy is ahead of target and operational figures underline this, " he said.
Shares in the company climbed 12 cents to €5.35 in Dublin this afternoon.