CALA Group has reported record profits as the housebuilder delivers a fifth consecutive year of growth.

In its results for the year ended 30 June 2017, revenue rose 27% to £747.9 million (2016; £587.1m) while profit before tax increased 14% to £68.5m (2016: £60.1m). In addition, completions were up 46% from 1,151 to 1,677.

Over a 10-year period, CALA's volumes have grown by 67%. Overall, around 83% of the contracted land pipeline with a GDV of £4.3 billon now has a planning consent or is adopted in a local plan.

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In addition, 34 new sites have been contracted during the year, with projections to deliver 3,199 homes with an estimated GDV of £1.25bn.

Alan Brown, Chief Executive of CALA Group, said: "I am delighted with the excellent results we have achieved at CALA in the twelve months to 30 June 2017, in particular, the exceptional progress in transforming the size and scope of our business which has seen us deliver our fifth consecutive year of record revenues and profits.

"Since the 2007/2008 industry peaks, we have achieved volume growth of 67%, significantly ahead of our major listed peers while still delivering consistently strong customer service and investing in our land pipeline.

"Following our record performance in 2017, we remain on course to achieve our stated strategic aim of building approximately 2,500 units per annum by 2020 and have the infrastructure in place to deliver on these growth plans."

(LM/MH)