shares in tavistock investments plc rose monday after the company said that its fiscal 2022 pretax profit increased significantly on the disposal of its wealth division shares at 0701 gmt were up 10 pence or 13 at 85 pence the uk financialservices group said pretax profit for the year ended march 31 was 300 million pounds 325 million compared with gbp949000 a year earlier following the gbp40 million sale of tavistock wealth to titan wealth in august 2021 adjusted earnings before interest taxes depreciation and amortizationone of the companys preferred metrics that strips out exceptional and other oneoff itemswas gbp14 million compared with gbp31 million the decrease driven by the disposal of tavistock wealth it said revenue for the period rose to gbp340 million from gbp290 million a year earlier the company said it has engaged with a list of potential acquisition targets and is well placed to enter the next stage of its development with cash resources of gbp15 million at the end of the year and a further gbp20 million due from titan in the coming years