Housebuilder Abbey has reported pre-tax profits of €61.5m for the year to the end of April, up from a profit of €49.1m the previous year.
Abbey said its group operating profits during the year amounted to €60.8m compared to €46.3m the previous year.
It said it was recommending a dividend of 8 cents per share for approval at its AGM.
The company said its housebuilding operations completed 597 sales during the year - 544 in the UK, 23 in Ireland and 30 in the Czech Republic.
This generated a turnover of €198.6m for the year.
Abbey said that trading in the UK had been good throughout the year with sales, supported by the UK government's 'Help to Buy' scheme, consistent.
"Like last year price rises overall have outstripped rising costs supporting our margins. Forward sales in the new year are in line with our budgets," the company said.
Abbey reported "gradual progress" on its Irish sales.
The company said its project in Lucan is moving towards completion, while its development in Delgany was successfully launched in June.
More land was bought in Ratoath, Co Meath and in Cornelscourt, Co Dublin and both these schemes are now under construction.
The company also said that its projects in Laois and Kildare remain on hold pending improvement in local demand.
"Effective demand for new home ownership in many parts of the wider Dublin metropolitan area remains muted," the company added.
Abbey said that while trading in the early part of the new year has been encouraging, its outlook is now clouded by Brexit.
The company's executive chairman Charles Gallagher said that a slowdown in the UK economy is now being forecast and in particular a correction in the housing market after its strong performance in recent years. He added that prospects for the short, medium and long term are now very unclear.
"A prolonged period of gradual relative decline for London and South East England is possible if the withdrawal of London from its role in Europe is carried through," he stated.
He also added that for Ireland, Brexit casts a considerable shadow.
"The impact of Brexit will emerge over future reporting periods but there is no doubt that the referendum outcome is a material short term negative shock," Mr Gallagher added.
At the end of the year, the group said it owned and controlled land with the benefit of planning permission for the supply of 2,090 plots.
