Glenveagh Properties swings to loss, but sees demand-led rebound in 2021 | 26 February 2021
26 February 2021 | 09:34am StockMarketWire.com - Homebuilder Glenveagh Properties swung to an annual loss as the pandemic weighed on homebuilding activity resulting in asset writedowns. For the year ended 31 December 2020, the company reported a pre-tax loss of of €15.7 million, compared with a profit of €26.7 million year-on-year as revenue fell 19% to €232 million. Three non-core assets suited to higher average selling price product on which construction had not commenced led to cut...
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Source: stockmarketwire.com