Source - RNS
RNS Number : 5722M
Rank Group PLC
14 October 2016
 

Trading statement               

 

14 October 2016

At today's Annual General Meeting, the Rank Group Plc (LSE: RNK) (Rank or the Group) will announce the following trading update for the 15 weeks to 9 October 2016.

Rank today announces total Group like-for-like revenue for the 15 weeks to 9 October 2016 has grown by 1%, with total revenue flat.  On a channel basis, venues revenue was down 1% and digital revenue grew by 7%.

Grosvenor Casinos' venue like-for-like revenue declined by 1%, principally driven by a lower than average margin and lower customer visits.  Mecca venue like-for-like revenue was flat.

Grosvenor Casinos' digital channel continued to grow strongly, with revenue up 30% in the period.  Mecca's digital revenue fell by 4% in the period, however trends in recent weeks have been encouraging.

Management's expectations for the full year remain unchanged.

 

Forthcoming announcements

Rank will announce its half year results on 26 January 2017.

 

Ends

Contacts:

Rank

Sarah Powell - investor relations             Tel: +44 1628 504 303

Media Enquiries:

FTI Consulting (PR adviser to Rank)

Edward Bridges                                            Tel: +44 20 3727 1067

Alex Beagley                                                 Tel: +44 20 3727 1045

Notes to editors:

1.    Figures are not adjusted for customer incentives.

2.    Like-for-like excludes the effects of clubs openings, closures and relocations.

3.    All comparisons are with the same 15 week period in 2015.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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