StockMarketWire.com - Reach4entertainment has booked an H1 pretax profit of £0.7m, from a loss of £0.1m a year earlier. Revenue was £41.5m, from £35.0m. It described the performance as in line with market expectations.

David Stoller, Executive Chairman, commented:

"These results reflect the significant and encouraging progress the Group has made following the extensive efforts that we've made to restructure and enhance Group operations.

"Our New York operation has delivered a stellar performance so far in 2014, benefitting from buoyant conditions in the Broadway market. The London market has been a little subdued, with the cancellation of a number of long running shows, yet Dewynters' market leading position and strong reputation has ensured a continuing solid performance.

"The Group's divisions continue to develop their offering in order to exploit growth opportunities in existing and new, associated market sectors.

"This is an exciting time for r4e. The Group is performing well, and I am confident that we will, at the very least, meet market expectations for the full year."




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