Rank Group Releases Six Month Financial Growth

This story was published more than 6 years ago.

The Rank Group has announced their six month financial trading update, noting that revenues grew 1% from the same period last year.

Key financial indicators for the period ranging from July 1st through December 31st, 2017 were:

  • Group revenues of £378.1 million, up 1% from last year
  • Statutory revenue flat at £354.2 million
  • Pre-tax revenues up 17% from last year, up £40.2 million
  • EBITDA up 6% to £63.3 million
  • UK digital revenue up 16% to £60.6 million
  • UK digital operating profit up 56% to £11.4 million
  • Like for like revenue down 1% to £317.5 million, but operating profits up 9% for £46.4 million
  • Earnings per share up 16% to 8p.

Speaking about the results Rank CEO Henry Birch said, "We are pleased to report a good set of results with adjusted profit before tax up 17% and a particularly strong digital performance, with revenues up 16% and operating profit up 56%, despite the introduction of new gaming duty rules on customer bonuses.

"Along with much of the high street, we have faced a more challenging retail trading environment in the first half, but our combined venues businesses delivered an impressive 9% growth in operating profit.

"2018 promises to be a busy year with continued positive changes, including the launch of a single account and wallet product across Grosvenor's retail and digital businesses.

"We remain confident in the outlook for the group with management expectations for the full year unchanged."

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
1 reply • Last post


Forum AngelForum Angel
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 7654
Thanks given: 4239
Thanks received: 1165
5 February 2018 - 4:36pm

The numbers of Rank Group are really good despite some new rules in the sector stilbut l from the company should conceder their numbers as really positive I guess. Not any brand in this business could show such increase in revenues.