10th Aug 2020 09:09
(Alliance News) - Rank Group PLC on Monday confirmed the revised date on which it will publish its annual results and affirmed its guidance.
The company has its headquarters in Maidenhead and owns the Grosvenor Casinos brand in the UK along with bingo brands Mecca in Britain and Enracha in Spain. It will report its annual results on September 10 and not August 19 as previously announced.
Rank said this delay is: "In line with comments made by the Financial Conduct Authority and the Financial Reporting Council relating to the unprecedented challenges faced by companies and their auditors in preparing financial information and accounts during the Covid-19 pandemic."
Rank said that, as announced in July, it is expected its underlying operating profit for the financial year that ended June 30 to be at the low end of its GBP48 million to GBP58 million guidance range after IFRS16, or GBP40 million to GBP50 million pre-IFRS16.
The company is still expecting to report cash and available facilities as at July 1 of approximately GBP140 million.
Shares in Rank were up 3.1% at 139.20 pence in London on Monday morning.
By Anna Farley; [email protected]
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