walker crips group plc said friday that it swung to pretax profit for fiscal 2022 as it benefited from improving financial markets and as management focused on profit improvement and that its performance in the first part of fiscal 2023 continued to be strong the londonlisted wealth manager and stockbroker said it continues to progress on a number of projects and that this will incur additional costs in the nearterm the company said that for the year ended march 31 pretax profit was 324000 pounds 394567 compared with a pretax loss of gbp114000 for fiscal 2021 the company said this was mostly due to the core businesses of investment management returning to growth as well as wealth management and structured investments adjusted pretax profita metric which strips out exceptional and other oneoff itemswas gbp18 million compared with gbp305000 the year before revenue rose to gbp328 million from gbp303 million the year prior due to the strong performance of its core business and a 97 rise in management fee income thanks in part to the recovery in markets the board recommended a final dividend of 120 pence a share taking the total for the year to 150 pence up from 075 pence a share the year before the rebound in the underlying trading performance this year demonstrates the groups potential to generate revenue growth and improve profitability which continues to bode well for the future chairman martin wright said shares at 1422 gmt were up 2 pence or 7 at 3050 pence