Cala returns to profit

Nov. 16, 2011
Cala Group has returned to profit for the first time since 2007, it has announced. Reporting its results for the year ended June 2011, the housebuilder achieved a pre-tax profit of £2 million, following 2010’s loss of £27 million. Cala said that the substantial recovery was chiefly a result of a 45% increase in home sales over the 12 months …

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