Record annual results predicted by CALA but “challenged” by Aberdeen market

Housebuilder CALA has reported strong first-half trading which should translate into another year of record results.

The firm said net private reservations rose 24% in the six months to December 31 from 490 the previous year to 610 units.

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Average selling price dropped from £529,000 to £504,000 in the same period a year ago and down from £538,000 at the June 2016 year end.

CALA is to continue its efforts to develop the Southern England market to drive future growth.

Aberdeen saw 7% of the firm’s sales last year but the housebuilder has found this market “challenging” and had seen “significant price falls during the year”.

CALA Group chief executive, Alan Brown, said: “The first half of the new financial year has seen the group deliver a very strong performance and we are on course to deliver another record year of units, revenues and profits in what would be our fifth consecutive year of record growth.

“Encouragingly, the positive first half performance has continued into the second half with positive trading momentum since the start of the calendar year.

“In line with our ambitious growth plans, we are certainly doing our bit to increase the supply of family homes across the UK.

“Our focus in 2017 remains on scaling up and optimising the operational efficiency of our eight regional businesses, to deliver sustainable growth and an annual capacity of up to 2,500 homes within four years.”

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