Reach4Entertainment has hiked its H1 pretax profit to £0.8m, from £0.05m, with revenue rising to £49.0m, from £42.5m. It forecast a strong outlook for 2017. "With significant investment going into shows in the first half of this year, particularly in the US, we are pleased to report a strong first six months of the business. We also benefited from an improved performance from Newmans, which was most recently involved in the Harry Potter launch," said executive chair David Stoller. "The second half is expected to be more challenging, with fewer shows being launched, but the business is well positioned following 2015's transformative changes and we remain on track to meet our targets for the year ahead," he said. "The outlook for 2017 is strong, including promising investment opportunities to support our strategic growth objectives."
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