StockMarketWire.com - Reach4entertainment narrowed its first-half pretax loss to £77,000, from a loss of £419,000. Revenue was £35.0 million, against £34.3 million.

The loss was reduced due to a number of factors, including less exceptional items.

"These results reflect the stability that has been established in r4e's business in recent times. We have brought consistency to our trading performance and our focus on tight cost control has been maintained, as demonstrated by the significant reduction in our Head Office costs," said executive chairman David Stoller.

"We expect our trading performance to be weighted towards the second half of our financial year and, as such, are confident of achieving a performance in our operations that is in line with market expectations for 2013," Stoller said in a statement.

"In the longer term, we continue to explore opportunities for growth in associated market sectors. The benefits from this focus combined with our stabilised performance in our core operations positions us well for the future."




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