greencore group plc on tuesday reported higher pretax profit and revenue for fiscal 2022 and launched a share buyback program the conveniencefood manufacturer said pretax profit for the year ended september 30 climbed to 398 million pounds 476 million from gbp278 million revenue jumped to gbp174 billion from gbp132 billion led by better volumes a doubledigit percentage increase in underlying pricing and higher revenue in the irish ingredients trading business the londonlisted company said revenue performance in the early weeks of fiscal 2023 had broadly held up though it expects this will be a year of further substantial inflation meanwhile greencore said it is launching a share buyback program of up to gbp15 million starting tuesday and stretching to the end of may at the latest as previously announced we plan to return up to gbp50 million over the next two years initially in the form of this buyback programme and with the ongoing flexibility to return value in the form of buyback dividends or both this is underpinned by our strong balance sheet and continued optimism around our business prospects nonexecutive chair gary kennedy said