A2 Dominion has significantly increased its turnover and surplus off the back of strong revenues from sales.

The 39,000-home housing association, in its annual results for the year to 31 March, reported turnover of £465.8m, up 54% on the £303m reported for the same period the previous year. Its surplus rose more than sixth-fold from £6.4m to £42.1m.

The revenue and surplus figures were boosted by increased income from sales. The group generated £100.6m in income from homes developed for sale, compared to £37.5m the previous year, while land sales brought in an extra £55.1m. Income from shared ownership sales increased from £3.1m to £38.4m year-on-year.