<p><span class="aws"><span>Barratt’s completions fell 3.9% during its full year, with adjusted pre-tax profit decreasing 16.2%. The volume housebuilder noted its “resilience,” but with difficult market conditions continuing, the volume housebuilder expects total completions to be between 13,250 and 14,250 next year, significantly down on the 17,206 achieved during the year ending June 30 2023.</span></span></p> <p><span class="aws"><span>The firm’s net private reservation rate for July 1 to August 27 2023 continued to be weak, at 0.42 per active outlet per average week against the 0.60 of the equivalent period last year.</span></span></p> <p><span class="aws"><span>During the year ending June 2023, Barratt’s adjusted pre-tax profit was £884.3 million against FY 2022’s £1,054.8 million, in line with expectations.</span></span></p> <p><span class="aws"><span>Adjusted gross profit declined 13.6% to £1,130.4 million, which Barratt said reflected the fall in customer demand, house price inflation running below build cost inflation and “the operational gearing impact as the market has slowed down”.</span></span></p> <p><span class="aws"><span>On a statutory basis, gross and pre-tax profit were up – by 8.3% to £974.9 million for the former; 9.8% to £705.1 million for the latter, after deducting adjusting items. Barratt’s revenue nudged up 1% to £5,321.4 million.</span></span></p> <p><span class="aws"><span>The firm’s private average selling price for the full year rose …