ocean wilsons holdings ltd said friday that 2022 pretax profit fell due to a decline in the valuation of its investment portfolio and that in terms of uncertainty the first quarter of 2023 was reminiscent of the yearprior period the londonlisted bermudan investment groupwhich operates a maritimeservices company in brazilsaid the year has already been jolted by the effect on the us and global banking sectors from the demise of silicon valley bank and signature bank it also noted the current uncertainty around credit suisse and the possibility of others there is much debate as to the midterm impact of this on financial markets but what is clear is that there continues to be little expectation of predictability it said the company said pretax profit for last year was 381 million compared with 1104 million in 2021 the company said the unrealized losses on the investment portfolio valuation contributed negative returns of 479 million compared to a positive return of 495 million the year before revenue rose to 4401 million from 3964 million in the year prior there are choppy waters ahead in the global economy however the experience of 2022 has demonstrated that there are always navigation opportunities to be found and the board believes that both our divisions are well placed to seek them out the company said