Frasers Group Plc (FRAS.L ZVX.F), a British retailer, on Thursday reported a decline in pre-tax income for the first half, amidst a decrease in revenue and a negative foreign exchange impact. In addition, the Group has revised down its annual outlook for adjusted profit before tax, citing recent weaker consumer confidence. For the six-month period to October 27, the company posted a pre-tax income of 207.2 million pounds, lower than 310.2 million pounds, registered for the same period last year. Excluding items, pre-tax earnings were at 299.2 million pounds, compared with 303.8 million pounds a year ago. Net profit stood at 155.3 million pounds or 35.9 pence per share as against prior year's 234.2 million pounds or 53 pence per share. Profit from continuing operations was 154.4 million pounds or 34.9 pence per share, lesser than 234.6 million pounds or 53 pence per share in 2023.