Ireland-based Cairn Homes flags cost pressures, reaffirms annual outlook

(Reuters) – Cairn Homes Plc on Tuesday forecast total build cost inflation for fiscal 2022 to be about 6%-7%, pressured by rising materials and labour prices, although the Ireland-based housebuilder reaffirmed its annual outlook.

The company said it saw strongest-ever sales period for the six months ending June 30, selling over 750 new homes for more than 295 million euros ($307.74 million), and that it intends to announce a 20 million euros dividend during its interim results announcement in September.

($1 = 0.9586 euros)

(Reporting by Aby Jose Koilparambil in Bengaluru; editing by Uttaresh.V)