Brief: Reach Plc HY Rev Declined 5.2% To £265 Mln With Digital Rev Of £60.0 Mln Broadly In Line With Last Year

Reach

31/07/2024 07:06

July 31 (Reuters) - Reach PLC  RCH.L :
    * REACH PLC: HY ADJUSTED OPERATING COSTS REDUCED BY 9.3% TO
£221.8M (HY23: £244.6M).
    * REACH PLC: HY ADJUSTED OPERATING PROFIT INCREASED BY
23.1%, AND
AT AN IMPROVED MARGIN OF 16.8% (HY23: 12.9%, FY23: 17.0%).
    * REACH PLC: CONTINUE TO DELIVER RETURNS FOR SHAREHOLDERS
WITH
INTERIM DIVIDEND MAINTAINED AT 2.88P.
    * REACH PLC - HY REVENUE DECLINED 5.2% TO £265.0M WITH
DIGITAL
REVENUE OF £60.0M BROADLY IN LINE WITH LAST YEAR (HY23: £60.8M)
    * REACH PLC: FY24 OUTLOOK: ON TRACK TO DELIVER MARKET
EXPECTATIONS
    * REACH PLC:  FY24 OUTLOOK: TRENDING SLIGHTLY AHEAD OF A
FULL YEAR
REDUCTION IN OPERATING COSTS OF 5-6%
    * REACH: FOR HY BOTH PRINT CIRCULATION REVENUE £149.9M
(HY23:
£155.4M) AND PRINT ADVERTISING REVENUE £32.7M (HY23: £37.0M)
OUTPERFORMED VOLUME DECLINE

Source text for Eikon:  ID:nRSe4767Ya 
Further company coverage:  RCH.L 

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