McInerney Holdings say business is robust


Irish building group McInerney Holdings said its various businesses are recording robust performances, with some 90 per cent of 2002 sale targets already secured.

In addition, the group told shareholders at its AGM that the pattern of deposits secured in Ireland, Spain and the UK all indicate that the group can expect a good first half in 2003.

McInerney said its profit stream is becoming increasingly diversified with five businesses in three countries. It is the intention of the directors, the company said, to continue this diversification programme by investing additional capital in particular in its UK and Spanish operations.

It said margins are holding steady and economic indicators are favourable pointing to the year ahead as providing further growth for the group across all its subsidiaries.