<p>Countryside has seen a “strong recovery” from a Covid-ravaged <span>2020,</span> with its completions rising 33% in the year to September 2021 and the business returning to profit.</p> <p>Announcing its preliminary results for the year ending September 30 2021, the mixed-tenure developer said that during the period, its total completions reached 5,385 against last year’s 4,053. This was driven by a <span class="jp">65% uplift in private home completions to 2,394 homes, with the business completing on properties <span>deferred </span>by the pandemic last year.</span><span class="jp"></span></p> <p><span class="jp">The company’s pre-tax profit recovered to £</span>85.4 million after 2020’s £1.9 million loss. Its adjusted revenue climbed 54% to £1,526.2 million.</p> <p><span>Countryside’s net reservation rate was <span class="jp">0.74, slightly lower than 2020’s 0.78 with its “strong forward sales position as we entered the year”. The private average selling price of its homes increased </span>4% to £380,000.</span></p> <p><span> </span><span>It is aiming to achieve adjusted operating profit in the range of £200 million to £210 million in the next financial year – in 2021 this was £167.3 million, up from 2020’s £54.2 million.</span></p> <p><span>Around £40 million of the 2022 operating profit target will be from “legacy” housebuilding operations. This follows Countryside’s announcement in July that it would wind …