Reach4entertainment Enterprises plc Reports Consolidated Earnings Results for the Year Ended December 31, 2017; Provides Earnings Guidance for the Year of 2018
May 22, 2018 at 11:30 am IST
reach4entertainment enterprises plc reported consolidated earnings results for the year ended December 31, 2017. For the year, the company reported revenue of £80,211,000 against £96,606,000 a year ago. Adjusted EBITDA was £976,000 against £1,902,000 a year ago. Loss before tax including exceptional items was £2,689,000 against profit of £499,000 a year ago. Operating loss was £2,394,000 against profit of £854,000 a year ago. Loss for the year was £1,865,000 or 0.30 pence per diluted share against profit of £90,000 or 0.02 pence per diluted share a year ago. Net cash generated from operating activities was £1,753,000 against £2,653,000 a year ago. Purchases of property, plant and equipment was £115,000 against £489,000 a year ago.
For 2018, the company reset expectations for the Group and anticipate 2018 trading results will be in line with the prior year.