Cala Group鈥檚 revenue rose 18% to 拢255m last year, the housebuilder has said
In its results for the year ended 30 June 2012, the firm reported its revenue had climbed 18% on the previous year to 拢254.7m, with pre-tax profit up from 拢2m in 2011 to 拢11.4m.
The firm said its private completions had increased 24% to 666 homes, with the average private sales price up from 拢328k in 2011 to 拢340k this year.
The firm said it had an owned and contracted landbank of 9,600 plots, wit with a potential gross development value of 拢3bn - equivalent to around9 years鈥� output on current projections.
The firm said it had a 鈥渟trong forward private sales order position鈥� as at 1 July 2012, with of 172 homes - up from 147 - at the same point last year.
Alan Brown, CALA Group chief executive said: 鈥淐ALA has delivered an excellent performance during 2012 with our highest profits since the Group was taken private in 1999, improved gross margins and excellent progress in developing the length and quality of our landbank.
鈥淚n a relatively flat market, the Group鈥檚 premium market positioning, industry leading customer service and presence in the more affluent areas of the UK such as the Home Counties, the Cotswolds, Edinburgh and Aberdeen have helped us exceed our sales and profits targets for the year, providing a firm platform from which to build.
鈥淭he Group continues to benefit from its focus on delivering excellent customer service and building high quality, well designed homes in these prime locations. As a result, we have been able to make significant progress during the year and, looking ahead, based on a continuation of the current market conditions, the Group envisages further growth across the business.鈥�
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