20th Aug 2015 06:26
LONDON (Alliance News) - The Rank Group PLC Thursday reported growth in profit in its recently-ended financial year, boosted by strong sales in its venues and digital businesses, and said that trading since the year-end has been in line with management expectations.
The bingo club and casino operator said pretax profit multiplied in the year ended June 30 to GBP74.5 million from GBP14.4 million the year before, as its revenue grew 4% to GBP738.3 million from GBP707.7 million, comprising 2% growth in venues revenue and 21% growth in digital. Like-for-like sales rose 5%.
Rank Group will pay a dividend of 5.60p for the full year, an increase of 24% on the 4.50p it paid the prior year.
"We firmly believe that alongside growth in digital gambling, there will continue to be sustained demand for venue-based gambling in bingo clubs and casinos which offer an experience that cannot be digitised. Moreover, we believe that consumer trends will increasingly favour companies that can offer services across digital and retail channels and successfully offer a joined-up experience to our customers," Chief Executive Henry Birch said in a statement.
Rank Group added that trading in the seven weeks to August 16 has continued in line, with the trends seen in the comparable period of the prior year, and is in line with management expectations.
By Karolina Kaminska; [email protected] @KarolinaAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Rank