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Keep up to dateAnglo-Irish housebuilder Abbey has reported a loss of 鈧�54.4m (拢46.7m) for the year ending 30 April, which compares to a profit of 鈧�16.8m in 2008
Its results were hit by land writedowns of 鈧�58.1m. It sold 467 homes last year compared with 716 the previous year (338 in the UK and 129 in Ireland). Turnover fell 52% from to 鈧�180.3m to 鈧�85.7m. A company statement said: 鈥淭he outlook is unclear.鈥�
Housebuilding division of Anglo-Irish group contributes to 拢3.7m pre-tax profit but plant hire business makes a loss
Cathal O鈥橰ourke says contracting鈥檚 cherished 5% figure can be achieved and warns current industry average 鈥榠s not sustainable鈥�
Latest accounts show firm has racked up over 拢80m in losses in past two years
Second profit warning in a month for housebuilder as it reveals results of review into issues in its south division
Paul Reilly takes over as UK and Ireland MD from Mark Naysmith who becomes global COO
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