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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Rank Group Plc | LSE:RNK | London | Ordinary Share | GB00B1L5QH97 | ORD 13 8/9P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.00 | 1.41% | 72.00 | 71.00 | 72.60 | 71.00 | 71.00 | 71.00 | 84,573 | 16:35:11 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Amusement & Rec Svcs, Nec | 681.9M | -95.3M | -0.2034 | -3.49 | 332.58M |
From Apr 2022 to Apr 2024
TIDMRNK
RNS Number : 3851P
Rank Group PLC
20 June 2022
20 June 2022
The Rank Group Plc
LEI: 213800TXKD6XZWOFTE12
Trading update
Rank provides an update on its profit expectations for the year ending 30 June 2022
As noted in the trading update of 21 April 2022, the Group had witnessed softer performance in our UK venues throughout Q3 and had entered Q4 with visit numbers down across our Grosvenor casinos. We have seen some improvement in Grosvenor's performance post April, but it has been considerably weaker than expected, principally due to a slower than expected return of higher spending overseas customers to our London casinos, continued softness in visitor numbers across the UK and a lower-than-average casino win margin in the quarter to date.
The performance of our other business segments has been broadly in line with management's expectations.
As a result of the recent performance in Grosvenor venues and continued inflationary cost pressures across the Group, subject to normal casino win margins between now and the year end, we expect like-for-like underlying operating profit to be approximately GBP40m for the year ending 30 June 2022, lower than the previously guided range of GBP47m - GBP55m.
Forthcoming announcements
Rank will announce its preliminary results for the 12 months ending 30 June 2022 on 18 August 2022.
Ends
Contacts: Rank Sarah Powell - investor relations Tel: +44 1628 504 303 David Williams - public affairs Tel: +44 1628 504 295 Media Enquiries: FTI Consulting LLP (PR adviser to Rank) Edward Bridges Tel: +44 20 3727 1067 Alex Beagley Tel: +44 20 3727 1045
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END
TSTUKAVRUVUNAAR
(END) Dow Jones Newswires
June 20, 2022 02:00 ET (06:00 GMT)
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