British holidays group Saga eyes return to profit in 2022

British holidays group Saga eyes return to profit in 2022
Representative image Image Credit: Pixabay
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  • United Kingdom

British over-50s holidays group Saga Plc said on Thursday it expects to swing to a profit in the 2022 fiscal year, after a pretax loss in the previous year as coronavirus restrictions disrupted its cruise operations. The company, however, said it expects its cruise business to record an underlying pretax loss of 45 million-50 million pounds ($60-$67 million) for the current year ending January 2022.

($1 = 0.7450 pounds)

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