Shanta Gold's CEO explains the Q2 production shortfall and emphasises the cashflow strength of SGH. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksReach4entertainment Enterprises Plc Share News (R4E)

  • There is currently no data for R4E

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

Don't have an account? Click here to register.

Reach4entertainment loss shrinks after overhaul

Thu, 2nd May 2019 10:40

(Sharecast News) - Reach4entertainment Enterprises shrank its annual loss after a new management overhauled performance at the theatre and entertainment communications group.

The AIM-listed company posted a £0.2m pre-tax loss for the year to the end of December compared with a loss of £2.7m a year earlier. Revenue fell to £77.2m from £80.2m but cost of sales fell to £12.3m from £16.7m.

R4e owns a range of businesses selling branding, design and advertising services to the theatre, film, sport and other entertainment sectors. The company brought in Marc Boyan as chief executive in late 2017 to improve performance and raised £5.5m to strengthen its finances.

Chairman Michael Grade said Boyan had improved the core theatrical business, made acquisitions and brought in new employees to revive the company's fortunes.

Grade said: "I am delighted to report that the turnaround has significantly improved how the group's agencies are operating, which is reflected in the increase in profitability.

"Whilst operational changes to the core business have been instrumental in returning the business to profitability, the launch of new agencies [is] broadening the group's offering."

The shares rose 2.1% to 1.2p at 0955 BST.

More News

Reach4Entertainment Shareholders Approve AIM Cancellation

Reach4Entertainment Shareholders Approve AIM Cancellation

21 Aug 20 18:16

IN BRIEF: Reach4Entertainment Confirms USD6.3 Million Suit Filed

IN BRIEF: Reach4Entertainment Confirms USD6.3 Million Suit Filed

20 Aug 20 18:07

UK DIRECTOR DEALINGS SUMMARY: AJ Bell Chiefs Sell GBP8.5 Million Worth

UK DIRECTOR DEALINGS SUMMARY: AJ Bell Chiefs Sell GBP8.5 Million Worth

18 Aug 20 13:18

DIRECTOR DEALINGS: Reach4Entertainment CEO Boyan Ups Stake To 18.7%

DIRECTOR DEALINGS: Reach4Entertainment CEO Boyan Ups Stake To 18.7%

14 Aug 20 13:37

UK DIRECTOR DEALINGS SUMMARY: Downing Buys 500,000 Purplebricks Shares

UK DIRECTOR DEALINGS SUMMARY: Downing Buys 500,000 Purplebricks Shares

7 Aug 20 15:26

UK TRADING UPDATE SUMMARY: Brickability Recovering Well From Pandemic

UK TRADING UPDATE SUMMARY: Brickability Recovering Well From Pandemic

4 Aug 20 19:16

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

14 Jul 20 16:09

Reach4Entertainment Annual Earnings Soar On Diversification Strategy

Reach4Entertainment Annual Earnings Soar On Diversification Strategy

29 Jun 20 11:36

UK TRADING UPDATE SUMMARY: Filta Launches Covid-19 Sanitising Service

UK TRADING UPDATE SUMMARY: Filta Launches Covid-19 Sanitising Service

7 May 20 17:30

Reach4Entertainment To Be Hurt As Virus Forces West End Closures

Reach4Entertainment To Be Hurt As Virus Forces West End Closures

20 Mar 20 11:20

Reach4Entertainment Enterprises Set To Exceed 2019 Market Expectations

Reach4Entertainment Enterprises Set To Exceed 2019 Market Expectations

18 Feb 20 10:48

Reach4Entertainment sees FY results 'significantly ahead' of expectations

(Sharecast News) - Communications group Reach4Entertainment now expects full-year adjusted underlying earnings and revenues to be "significantly ahead" of market expectations.

18 Feb 20 08:15

Reach4Entertainment Loss Improves As Sales Jump On Turnaround Progress

Reach4Entertainment Loss Improves As Sales Jump On Turnaround Progress

30 Sep 19 10:43

Reach4entertainment loss shrinks after overhaul

(Sharecast News) - Reach4entertainment Enterprises shrank its annual loss after a new management overhauled performance at the theatre and entertainment communications group.

2 May 19 10:40

Reach4entertainment subsidiaries agree fresh deals with Miroma

(Sharecast News) - Entertainment marketing communications group Reach4entertainment Enterprises announced on Thursday that its subsidiaries Dewynters, and Spot and Company of Manhattan, have renewed their existing media buying agreements with Miroma International and Miroma Outcomes, respectively.

25 Apr 19 11:14

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.