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CALA Group Limited reported a pre-tax profit of £2 million following publication of financial results for the year end 30 June 2011.

The results signify a return to profit for CALA Group for the first time since 2007 with turnover increased by 38 per-cent to £215.4 million and net assets increasing by 15 per-cent to £32.1 million.

The improvement in financial performance has been principally generated by a 45 per-cent increase in home sales over the period to 649, combined with a strong recovery in house sales gross margin to 14.8 per-cent before exceptional items.

The company's consented landbank continues to be strong with just over 3,000 plots with a turnover value of £909 million, equivalent to approximately three and a half years' output on current projections. In 2011, for the second year in succession, CALA has achieved top rankings for a UK house-builder in the Home Builders Federation (HBF) annual customer satisfaction survey, being awarded the highest 'five star' ratings for both quality of home and for customer recommendations. And, for the third year running, the Group's excellent health and safety record was recognised by the HBF, with CALA's annual injury incidence rate again being the lowest in the industry.

Alan Brown, Chief Executive of CALA Group Limited, said: "The Group has delivered an excellent performance across all aspects of the business in 2011. Our success is also a fitting testament to the continued commitment and energy of our teams across the UK. It sets a significant marker about the Group's future ambitions for further growth, supported by our consented land-bank which remains very strong."

Further details on CALA Group's performance in 2011, can be found within the Annual Results which is available as a PDF download.

	2011 ANNUAL RESULTS (2.0Mb)
	2010 ANNUAL RESULTS (0.8Mb)

Financial Information Disclaimer
The above financial highlights have been provided to you for informational purposes only. While all attempts have been made to ensure the accuracy of the data, CALA Group Limited does not warrant that this information is accurate, current, complete or fit for any intended purpose and CALA Group Limited does not accept any liability from any use of this information.