UK's Saga warns of losses in 2022-2023 financial

(Reuters) - British holidays group Saga Plc warned that it could report a small underlying loss in 2022-2023 as marketing and administrative expenses ate into its earnings, while revenue likely expanded 10 times.

Saga, which sells cruise holidays and insurance to over 50-year-olds, said the small underlying loss before tax for 2022-2023 was in line with outlook.

(Reporting by Radhika Anilkumar in Bengaluru;Editing by Dhanya Ann Thoppil)