fiske plc said thursday that it swung to a pretax profit in the first half of fiscal 2023 as a reduction in operating expenses offset lower commission revenue for the six months ended nov 30 the independent stockbroking and investmentmanagement company said pretax profit was 28000 pounds 33673 compared with a loss of gbp6000 in the prioryear period revenue fell to gbp26 million from gbp29 million it attributed the decline to commission revenue coming in around 15 lower on year which it believes reflects macroeconomic turmoil and sentiment focused on expectations around interest movements since december 2022 we have executed an overhaul of our fee tariffs and are legislating for this to increase our income a muchneeded implementation given the everincreasing costs especially those pertaining to regulations and compliance chairman clive fiske harrison said shares at 0830 gmt were flat on 675 pence