Specialist building firm Inland Homes has seen profits over the past 6 months sky rocket by 326 per cent.

The firm’s impressive figures are mainly down to an increase in productivity levels in the past 6 months with homebuilding increasing by more than four fold.

The average home sale for the completed properties was £242,000 allowing the firm to reach a profit level of £54.5 million compared to a figure of £12.8 million for 2013.

Commenting on the news, Inland Chief Exec Stephen Wicks paid tribute to company staff and said that he believed the group would continue to strive throughout the rest of 2015.

He said: "I am very encouraged by the Group's robust first half performance, with the land bank at an all-time high and demand for homes and land continuing to be strong.

"The maiden interim dividend declared today is testament to the strength of Inland's growth strategy, solid financial position and future prospects.  

"I am confident that the Group is well placed for continued progress in the current financial year and beyond."  

A number of joint ventures and a high demand for housing has propelled Inland in the first six months of the year.

Inland Chairman Terry Roydon reiterated comments made by Stephen and predicted more success for Inland.

He said: “This has been a period of outstanding progress for the Group.  As a result, we are on target to achieve our ambitious strategic objectives.

“The Group performed strongly during the six months to 31 December 2014, delivering substantial increases in revenue and profitability over the corresponding six months to 31 December 2013.

“We are confident that the current strategy of housebuilding, land sales and fee income will provide a reliable, balanced profit stream and cash flow for the future.”