sysgroup plc said monday that its pretax profit for the first half of 2022 doubled driven by lower costs the uk informationtechnology services and cloudhosting provider posted a pretax profit for the period ended sept 30 of 250000 pounds 336175 compared with gbp125000 a year earlier revenue fell to gbp76 million from gbp9 million it said adjusted earnings before interest taxes depreciation and amortizationa key metric that strips out exceptional and other oneoff itemswas gbp13 million compared with gbp14 million and in line with managements previous expectations the company said it remains confident about achieving adjusted ebitda expectations for the full year driven by continued strong cash generation the timing of a wider recovery is outside of our control but we have a strong customer base with high levels of recurring revenue we have a strong balance sheet with a very healthy cash balance which we expect to improve further in the second half of the year as our capex requirements were the first half weighted the company said