Housebuilder Cala Group has said it expects to see sharp increases in turnover and profit for results for calendar year 2022 when it reports results in March.

Issuing an unaudited trading update for the year, the firm said that turnover rose by 9% to £1.36bn, delivering a pre-tax profit of £169m, up 27% on 2021 numbers.

The housebuilder, which is owned by insurance giant L&G and operates in Scotland and the South of England, said it managed 3,027 home completions in the year, up 4% on 2021.

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