The firm鈥檚 2010 loss was an improvement on 2009, and its chairman was optimistic of market recovery

Miller Group, the housing and construction specialist, reported sales in 2010 of 拢666m, down 15% from 2009, when its sales were 拢783m.

It made a loss before tax of 拢58m in 2010, an improvement on 2009鈥檚 loss of 拢72.4m.

Despite the housing market weakening in the second half of 2010, Keith Miller, Miller Group chairman, was optimistic there will be a recovery in 2011.

鈥淓verything depends on the spring selling season but so far, so good.

鈥淰isitor levels since the new year are up 18% on the same period last year,鈥� he said.

During 2010, Miller reduced its net debt by 拢170m but it still stands at 拢500m.

There is a further 拢200m in debt in special purpose vehicles, primarily exposed to the commercial sector.

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