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Interim Results

Rank Group improves H1 pretax profit

29 January 2016 09:23

Rank Group has improved its H1 pretax profit, before exceptionals, to GBP42.7m, from GBP36.3m a year ago. Statutory revenue was GBP352.7m, from GBP343.3m. Dividend was 1.8p a share, from 1.6p.

Like-for-like group revenue was GBP370.1m, from GBP351.7m.

CEO Henry Birch said:

"I am very pleased to announce a good set of results with like-for-like revenue growth across all brands and channels. Even with the impact of RGD we have delivered growth in both adjusted EPS, up 4%, and dividend, up 13%.

"2016 will see us deliver significant new platforms, new functionality and new products - including a new digital platform, a new retail casino management system, new poker and sports betting products and a new retail bingo format - all of which will drive improvements across our company.

"It is extremely encouraging that ahead of these changes, we are continuing to grow all parts of our business. In particular, it is very pleasing to have grown Mecca's retail bingo business, on a like-for-like basis, both at the top and bottom line, giving us renewed confidence in its future."

At 9:23am: (LON:RNK) Rank Group The PLC share price was +3.6p at 281.6p

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