CALA’s new homes sales increase 45%

Housebuilder CALA Group Limited has reported a 45% increase in home sales for the year ending June 2011, on the back of a general improvement in the new homes sector.

The company sold 649 new homes over the period compared to 449 new homes during the previous financial year.

The increase in property sales has helped the firm's financial performance. Company turnover increased to £215m from £172m in 2010, helping to generate a pre-tax profit of £2m - representing a major turnaround from a £27m loss in 2010.

Alan Brown, chief executive of CALA Group Limited, said: "The Group has delivered an excellent performance across all aspects of the business in 2011.

"The return to profit is a significant achievement for the company, having been delivered during continued uncertain trading conditions. It reflects the renewed focus of our sales strategy and increased investment in the quality of our product supported by firm cost controls.

"Our success is also a fitting testament to the continued commitment and energy of all our teams across the UK. It sets a significant marker about the Group's future ambitions for further growth, supported by our consented landbank which remains very strong.

The company's consented landbank continues to be strong with just over 3,000 plots with turnover value of £909m, equivalent to approximately three and a half years' output on current projections. The period also saw CALA ranked highest among major UK housebuilders for both health and safety and customer service, two areas of specific focus for the business.

Forward new home sales recorded on 1 September was also strong with 50% of homes for the new financial year already reserved.