4Global Swung to 1H Pretax Loss, Is Confident of Meeting Market Views for Year

By Anthony O. Goriainoff 4Global PLC said Wednesday that it swung to a pretax loss for the first half of fiscal 2023 after higher booking costs, and that management is confident of meeting market expectations for the year. The UK data, services and software company said that for the six months ended Sept. 30, its pretax loss was 1.2 million pounds ($1.5 million) compared with a pretax profit of GBP91,041 for the first half of fiscal 2022. Revenue rose to GBP1.4 million from GBP1.3 million in the year-prior period. The company said it made significant investments in the period and that it anticipates recovering these in the traditionally stronger second half, adding that it has GBP3 million of booked revenue which will be delivered in the second half of fiscal 2023. “The group has also won new multimillion pound multiyear agreements, which enhances visibility over future revenues,” the company said. Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

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