Trade REACH PLC ORD 10P - RCH CFD

REACH PLC Company profile

About Reach PLC

Reach plc is a national and regional news publisher in the United Kingdom that produces and distributes content to audiences across the United Kingdom and Ireland, through paid-for and free newspapers and magazines, and across the World through multi-platform digital sites, including desktop, mobile and application. The Company’s products and services include Print Formats A4 magazine, Berliner, broadsheet, compact magazine, marketing communications, maxi magazine and tabloid. The Company’s brands include the Daily Mirror, Sunday Mirror, Daily Express, Sunday Express, Daily Star, Sunday Star, Sunday People, Daily Record and Sunday Mail. Its regional footprint includes the Manchester Evening News, Liverpool Echo, Birmingham Mail and Bristol Post. In Ireland, the Company is a publisher of national and regional news brands with a portfolio that includes the Irish Daily Star, Northern Irish and Irish editions of the Daily and Sunday Mirror newspapers, the Sunday People newspaper.

Financial summary

BRIEF: For the fiscal year ended 26 December 2021, Reach PLC revenues increased 3% to £615.8M. Net income totaled £2.9M vs. loss of £26.7M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Restructuring charges in respect of cost decrease of 92% to £2.8M (expense). Dividend per share increased from £0.04 to £0.07.