Reach plc Reports Revenue Drop, Maintains Margins
Reach plc reported a 9% drop in half-year revenue to £232.9 million as both print and digital arms faced headwinds, yet adjusted operating profit held at £43 million with an 18.5% margin due to cost discipline and restructuring. The company is prioritising digital subscriptions and original content, has rebased the interim dividend to 1.44p while pension deficit payments are due to end in 2028, and remains on track to meet full-year market expectations.