British business process outsourcing and professional services company Capita plc on Wednesday reported a pre-tax loss for the full year 2023.
Capita reported a full-year 2023 loss before tax of £106.6 million ($135.6 million), or 10.60 pence per share, compared to a profit of £61.4 million, or 4.47p per share, in the previous year.
Adjusted profit before tax increased to £56.5 million from £49.8 million in 2022.
On a per share basis, earnings totalled 1.70p versus 2.64p earned a year ago.
Revenue for the year dropped 6.6% to £2.814 billion from £3.014 billion last year.
Meanwhile, adjusted revenue amounted to £2.642 billion, 1.3% higher than the previous year's £2.609 billion.
Looking ahead, the company projects 2024 revenue to be broadly in line with 2023 and sees modest improvement in operating margin.