Cala shifts out of apartments market to maintain record profits

Jan. 1, 2006
Cala Homes’ \"radical\" decision to buck government policy and pull back on its apartment building programme has contributed to its achieving record results in tougher market conditions, according to chairman Geoff Ball. The £225 million-turnover Cala Group reported record profits of £27.8 million, up 8% to the 2005 year-end, during which time it decreased apartment production by 9%. And Ball …

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