By Anthony O. Goriainoff
Saga PLC said Wednesday that it swung to a pretax profit for the first half of fiscal 2022 after booking lower costs, and that it wasn’t giving any earnings guidance for the year given continued uncertainty stemming from the pandemic.
The U.K. provider of specialized products for consumers over 50 said that for the six months ended July 31, pretax profit was 700,000 pounds ($956,130) compared with a pretax loss of GBP55.5 million for the first half of fiscal 2021.
The company reported a swing to an underlying pretax loss–a key metric....More>>>