alliance trust plc said thursday that it swung to a pretax loss in 2022 amid high inflation the war in ukraine and higher interest rates the investment company swung to a pretax loss of 2359 million pounds 2794 million compared with pretax profit of gbp5433 million in 2021 the company swung to a revenue loss of gbp2085 million compared with positive revenue of gbp5752 million a year earlier we are pleased that our performance was more resilient than the market and ahead of most of our peers in the aic global sector chairman gregor stewart said total shareholder return was 58 and its net asset value total return was 71 the company said its performance in 2022 was hit by high inflation the war in ukraine higher interest rates and fears of recession the outlook for the global economy remains highly uncertain and equity markets remain volatile it said the board declared a fullyear dividend of 240 pence up from 1905 pence the previous year