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Housing Today
Trusted media brand of the Chartered Institute of Housing
Revenue and profit down at Cala Group after sale to private equity
Exceptional items, cost inflation and increased incentives needed to boost sales blamed as profit blunted
Revenue and profit has dropped at Cala Group in its first full-year results since its acquisition by US private equity.
In its results for the year ended 31 December 2024, published at Companies House this week, the housebuilder reported a drop in group revenue from £1.25bn to £1.17bn, owing primarily to a £96m fall in private housing revenue.
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