StockMarketWire.com - reach4entertainment enterprises expects results for the year ended 31 December to be in line with market forecasts.

The group said that as previously reported it delivered an encouraging set of interim results and trading has continued to be solid in the second part of the year.

It said that although overall performance in 2014 has been strong, it is not expected that 2015 will match these results.

As reported at interim, growth in 2014 has been generated from Spot & Company of Manhattan Inc, the Group's New York based theatre and live entertainment business, whose performance included a number of significant one-off projects which are not likely to be repeated in 2015.

The company is currently funded by a significant bank loan. The directors are in discussions with the company's bank and third parties on how best to restructure this bank loan or replace it altogether. Whilst there can be no guarantee that these discussions will be successful or that an agreement will be reached with the company's bankers, the directors of r4e remain hopeful that a satisfactory resolution will be achieved.






At 3:52pm: (LON:R4E) Reach4Enternainment Enterprises share price was -0.62p at 3.63p



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