theworkscouk plc said friday that it swung to a fiscal 2022 pretax profit as revenue rose significantly while leaving its fiscal 2023 guidance unchanged and that it reintroduced dividends the londonlisted value retailer posted a pretax profit of 102 million pounds 115 million for the year ended may 1 swinging from a pretax loss of gbp28 million a year earlier revenue rose to gbp2646 million from gbp1807 million while adjusted earnings before interest taxes depreciation and amortization rose to gbp166 million from gbp43 million the company said when compared on a twoyear basisas the companys stores were closed in fiscal 2021 because of the pandemiclikeforlike sales rose 11 with positive growth online and in stores gross sales on a twoyear basis rose 13 the company said the board reintroduced a final dividend of 24 pence a share having suspended them in fiscal 2020 and fiscal 2021 the company said its performance in the current year has been resilient reinforcing its confidence though it left its guidance unchanged reflecting caution over how consumer spending might be affected by factors such as higher inflation we are confident that the group will continue to make good strategic progress in the year ahead and will deliver growth in the medium term albeit that the adjusted ebitda result for fiscal 2023 will be lower than in fiscal 2022 chairwoman carolyn bradley said the company on aug 8 said it had lowered its expectations for fiscal 2023 though it didnt provide any figures