StockMarketWire.com - Live entertainment communications group Reach4entertainment posted a first-half loss after rising revenue was offset by higher expenses.

Pre-tax losses for the six months through June amounted to £0.18m, narrowing from losses of £0.50m on-year.

Revenue rose 61% to £56.8m, though gross profit margin contracted to 21.2%, back from 24.3%.

'The success of the turnaround strategy has been demonstrated through the significant jump in group revenue and Ebitda,' chief executive Marc Boyan said.

'Whilst the performance of the traditional business is much improved, the decision to expand into the broader area of live entertainment is delivering new clients and opportunities.'

'With our agencies securing a number of new mandates in the first half, the group is on track to meet its market expectations for the full year.'


At 10:04am: (LON:R4E) Reach4Enternainment Enterprises share price was 0p at 0.98p



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