House builder Cairn Homes completed 207 units in the first six months of the year, down from 390 in the same period of 2019.

The company said revenue for the first half is expected to be €80.6 million, down 58% year-on-year, from €192.4m.

Despite significant disruption due to the pandemic, the company remained profitable, and said it expects to report an operating profit of €5.6 million for the first half of the year.

Cairn Homes reopened 15 residential construction sites on 18 May, including three new 2020 site commencements.

It said productivity levels are improving and the company is currently operating at 80% of pre-pandemic levels.

Michael Stanley, Co-Founder and CEO of Cairn, said their primary focus is on delivering high quality, A-rated and competitively priced new homes.

"Sales interest has picked up appreciably in recently months, underpinned by strong demand for high quality, energy efficient new homes in attractive locations. Our financial strength and liquidity enables us to continue to plan and deliver to meet market demand through 2020 and beyond," he said.

Cairn Homes said the average selling price for a starter home was €322,000.