Profit slumps 75% at L&G-owned Cala

By Carl Brown2021-06-25T10:06:00

Reduction in turnover in 2020 due to pandemic hits housebuilder’s bottom line

Cala Homes has seen its pre-tax profit slump by almost 75%, ending seven successive years of growth.

In its financial statement for the year to 31 December 2020, the Legal & General-owned house builder, reported a pre-tax profit of £24.4 million, down from the £96.2m posted in 2019.

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