CALA Group is expecting a 'record' year for the company after releasing its eight month trading update.

The Edinburgh-based Group nearly doubled its profits last year to £50.9 million compared to £26.8 million in 2014.

Planning permission has also been approved on 25 sites (2,038 plots) with a potential gross development value of £700m.

In addition, it sold 34% more private homes (993) compared to previous years as a higher selling price of £509,000 (2014: £423,000).

Alan Brown, Chief Executive of CALA, said the Group remains on course "to deliver another record year of revenues and profits".


"While market conditions remain positive and Government measures to support the housebuilding industry have undoubtedly had a positive impact at the lower end of the housing ladder, we continue to believe that the most effective way to resolve the overall housing undersupply is to increase production further up the chain," he said.

"Although support for affordable housing and first time buyers is clearly important, the requirement for greater numbers of four and five bed family homes is arguably even more critical when it comes to addressing the real housing needs of growing families across the country.

"With this in mind, our focus remains on scaling up our divisions to increase the number of homes we build and, with the infrastructure in place to deliver an annual capacity of up to 2,500 units, we feel we are well placed to play our part in delivering the family homes that the UK desperately needs."

(LM/MH)