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26 August 2021 Glenveagh Home of the new . Glenveagh Properties plc Interim Results 2021 Glenveagh Properties plc ( " Glenveagh " or the " Group " ) a leading Irish homebuilder announces its Interim Results for the period ended 30 June 2021 . Speaking today , Stephen Garvey , CEO , said : " Today's results demonstrate the strength of our business proposition and are a testament to the hard work of the Glenveagh team and our partners . Despite the major headwinds caused by Covid - 19 , we have returned to profitability and increased our output . We have sold , signed , or reserved the 1,150 homes that we expect to deliver this year with a further 300 homes already reserved for next year . We've seen growth across our three core business segments and have made major strides in building a strong platform for future growth . Ireland is in an accommodation crisis and needs upwards of 35,000 homes a year to keep pace with requirements . In Glenveagh , our focus is on getting supply into the system as quickly as possible and we have a clear path to our target of building 3,000 homes a year by 2024. By innovating and relentlessly focusing on getting affordable , sustainable homes into the market , we are confident that the business will continue to prosper and play its part in addressing one of the key social challenges of recent decades . " Financial Highlights Six Months to 30 June 2021 Six Months to 30 June 2020 Change Completions Revenue € ' m Core ASP € ' k Gross profit / ( loss ) € ' m Core gross profit € ' m¹ Gross margin 322 123 162 % 127.5 37.0 245 % 298 300 ( 1 % ) 21.4 ( 15.2 ) N / A 17.1 5.1 235 % 16.8 % N / A N / A Core gross margin¹ 23.0 % Profit / ( loss ) before tax € ' m 2.6 13.8 % ( 27.3 ) 920 bps N / A 30 June 2021 30 June 2020 Land € ' m 641.6 659.2 ( 3 % ) Work in Progress € ' m 239.1 225.0 6 % Net Debt € ' m 33.5 49.0 ( 32 % ) Available funds € ' m 212.3 77.9 173 % 1 Excludes the non - core units in Marina Village and includes the Premier Inn hotel forward fund site sale