Cala Group has said it has made nearly £100m of pre-tax profit in the first six months of the year, up sharply on 2021 and ahead of management expectations despite the challenging economic environment.

The housebuilder, which is owned outright by insurance giant L&G, said it made £98m in pre-tax profit in the six months to June, up 26% on the previous year, on turnover of £688m.

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