Pre-tax profits at property services group Irish Estates almost doubled to just under €1m in the first half of this year, as turnover jumped by 60% to €18.9m. Adjusted earnings per share rose from 6.1 cent to 7.3 cent.
The company said there was strong growth in all of its divisions and it expected further benefits from the acquisition of moving and storage group Beverly Smyth in July.
Chief executive Ross Ivers said he was confident of further growth in the rest of the year, while the company was also looking for fresh acquisition opportunities. He also announced that the group planned to change its name to Veris.
The shares closed down 23 cent at €3.85, as contributions from acquisitions made in July were not back-dated to January, as had been expected.
