STAGECOACH ARTS SEES PROFIT DIP

UK THEATRE franchise Stagecoach Theatre Arts reported a fall in revenue against 2009 yesterday, with group revenue dropping to £2.9m from £3m last year. Its first-half profits were significantly down, falling to £72,000 pre-tax from £267,000 in the previous year. The group put the drop down to a planned investment in marketing material, as well as a reduction in agency brochure income and initial fees.