UK's gaming firm Rank Group up on strong HY performance
30/01/2025 09:19
** Shares of Rank Group RNK.L gains 1.3% to 91.9 pence
** RNK reports HY adj like-for-like operating profit up 55%
to 32.9 mln pounds ($40.93 mln)
** Posts HY LFL net gaming rev 401.8 mln pounds, up 13%
** Sees adj LFL operating profit for year ending June 30,
2025, slightly ahead of current expectations
** Second half will see inflationary employment cost
headwinds & negative financial impact of some of the measures in
Gambling Act, says CEO John O'Reilly
** Also, proposes interim dividend of 0.65 pence per share
** Stock rose ~14% in 2024
($1 = 0.8037 pounds)
(Reporting by Ankita Bora in Bengaluru)
((Ankita.Bora@thomsonreuters.com;))