Winning on every level - no doubt that upgrades will follow15 Aug 2024 11:22
Rank Group PLC, up 7.1% at 75.00 pence, 12-month range 60.40p-99.80p. For the year ended June 30, the Maidenhead-headquartered gambling firm swings to pretax profit of GBP15.5 million from a GBP123.3 million pretax loss the year prior. Revenue increases 7.7% to GBP734.7 million from a restated GBP681.9 million, while cost of sales fall 18% to GBP425.8 million from GBP521.3 million. The firm also resumes dividend payments, with a final dividend for the year of 0.85p per share. Chief Executive John O'Reilly says: "We have started the new financial year as we finished the previous one, with good momentum across all businesses. With inflation receding, disposable incomes improving, investment continuing to be made in the customer proposition and a strong pipeline of growth initiatives underway, we are confident in the future prospects of the group."