Cala builds solid profits

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A MAJOR Capital housebuilder has announced record-breaking profits despite tough times in the property sector.

Cala Group revealed its operating profit for the year had almost doubled from £14.6 million to £28.6m, with revenue increasing from £215.4m in 2011 to £253.7m this year.

Bosses also said company profits were the highest since Cala was privatised in 1999.

Chief executive Alan Brown said: “The group’s premium market positioning, industry-leading customer service and presence in more affluent areas have helped us exceed our sales and profits targets.”