Cala Homes has reported a pre-tax profit of £2m in its financial results for the year end to 30 June 2011.
This compares to a loss of £27m last year. Cala reports that turnover increased by 38% to £215m.
The number of new homes completed also increased to 648 - a rise of 45% on the 449 completed the previous year.
"Much of the company's financial improvement has been driven by its increasing home sales, combined with a strong recovery in house sales gross margin to 14.8% before exceptional items."
Translated - they are making a higher profit on each new home they build.
Alan Brown, Cala chief executive said:
"The group has delivered an excellent performance across all aspects of the business in 2011.
The return to profit is a significant achievement for the company, having been delivered during continued uncertain trading conditions.
It reflects the renewed focus of our sales strategy and increased investment in the quality of our product supported by firm cost controls."
