StockMarketWire.com - Irish homebuilder Glenveagh Properties said revenue more than trebled on increased home sales at higher prices.

For the year ended 31 December 2019, revenue more than trebled to €284.6m from €84.2m on-year, with sales rising to 844 units from 275 units.

The average selling price for the year rose to €332k from €287k.

Looking ahead, Glenveagh said the market backdrop remained favourable with 'significant institutional and private demand for housing.' 'The company is well-positioned to deliver a successful outcome for 2020 and the Board remains confident that the results will be in line with its expectations.'

At 9:17am: [LON:GLV] Glenveagh Properties Plc share price was -0.05p at 0.75p



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