StockMarketWire.com - Reach4entertainment said its performance improved over the course of the financial year and that it will report results for the full year in line with market expectations.

Executive chairman David Stoller described the year as one of solid performance and progress. He said r4e was trading profitably, from a stable platform, with a clear strategic direction for the Group as a whole and for each of its operating divisions.

"At Group level we continue to maintain a close control on costs, with continuing progress being made at head office in 2013, where further cost reductions are expected in the current financial year," Stoller said.

r4e's operating divisions were maintaining and, where possible, enhancing their marketing-leading positions in the core theatre and arts sectors, while continuing to seek revenue growth through diversifying into new, complementary business sectors.

"The Group is also actively pursuing expansion through innovative strategic partnerships, such as the recently announced Stage 17 initiative," Stoller said.

"We entered the 2014 financial year in good shape and I am confident that the Group will continue to make progress across all areas of its business throughout the year."




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