StockMarketWire.com - Live entertainment communications group Reach4entertainment moved deeper into the red in the first-half after a loss of work lowered revenue.

Pre-tax losses for the six months through June amounted to £617k, compared to losses of £280k on-year.

Revenue fell 14% to £36.0m.

'The group is now in a much stronger position following a difficult 2017,' chief executive Marc Boyan said.

'The new management team has been successful in stabilising the traditional business during the first half of the year, and the recent spate of new Broadway musicals won by SpotCo is highly encouraging.'

"Importantly, we have also made good progress with the strategy of utilising the group's skill set and deploying them into new segments, evidenced by work across the Group with non-live entertainment clients.'


At 8:03am: (LON:R4E) Reach4Enternainment Enterprises share price was 0p at 1.43p



Story provided by StockMarketWire.com