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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 2019 to Apr 2024
TIDMRNK
RNS Number : 9560Z
Rank Group PLC
16 January 2020
16 January 2020
The Rank Group Plc
LEI: 213800TXKD6XZWOFTE12
Trading Update and Notice of Results
Following further positive trading in Digital and the Grosvenor and International venues businesses, underpinned by cost savings from the Transformation Programme, The Rank Group Plc ("Rank") now expects underlying operating profit* pre IFRS16 for the year ending 30 June 2020 to be above current market expectations (analyst range of GBP93m to GBP103m) and, based on the trends experienced to date, to be in the range of GBP105m to GBP115m.
The Group's operating profit expectations including the impact of IFRS16 are as follows:
Hot Features
Premium
Consensus range Guidance
Underlying operating GBP93m - GBP103m GBP105m - GBP115m
profit* pre IFRS16
----------------- ------------------
Expected impact of - GBP8m
IFRS16 on operating
profit (offset by
increase in finance
costs)
----------------- ------------------
Underlying operating - GBP113m - GBP123m
profit*
----------------- ------------------
*Underlying operating profit is operating profit before amortisation of acquired intangibles; revaluation of investments; profit or loss on disposal of businesses; acquisition and disposal costs including changes to deferred or contingent consideration; impairment charges; reversal of impairment charges; restructuring costs as part of an announced programme; charges and credits for financing fair value remeasurements; discontinued operations and exceptional items, should they occur in the period.
Rank will announce its interim results for the six months ended 31 December 2019 on 30 January 2020.
A presentation will be held at 9.30am on 30 January 2020, admittance to which will be by invitation only. Shareholders and analysts wishing to attend the presentation in person should please contact Claire King by email to claire.king@rank.com or by telephone on 01628 504 192.
The presentation will also be accessible via a live webcast, details of which can be found at www.rank.com.
The information contained within this announcement constitutes inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.
Enquiries
The Rank Group Plc Sarah Powell, director of investor relations Tel: 01628 504 303 and communications
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
NORBAMMTMTTBTAM
(END) Dow Jones Newswires
January 16, 2020 02:00 ET (07:00 GMT)
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