carclo plc shares rose on thursday after the company reported a pretax profit fall for fiscal 2022 and said it expects demand to grow for both its technical plastic and aerospace divisions in fiscal 2023 shares at 0817 gmt were 25 up pence or 11 at 245 pence the londonlisted manufacturer of moulded plastic parts said pretax profit for the year ended march 31 was of 59 million pounds 72 million below the gbp67 million reported the previous year revenue rose to gbp1286 million to gbp1076 million despite a continued challenging operating environment after the covid19 pandemic it said the direct impacts of the pandemic have reduced progressively during the year the secondary impacts of cost inflation labour shortages and logistics delays impacted the second half of the year we have countered these effects by improving operational efficiency passing on cost increases wherever possible and holding more inventory the company said the board said it expects market demand for both the technical plastic and aerospace divisions to grow in fiscal 2023 but headwinds that prevailed on the second half of fiscal 2022 are forecast to continue during the first half of the current fiscal year