logo
  

Rank Group Plc Posts Underlying Operating Loss In FY; NGR Down 48%

Rank Group Plc (RNK.L) said its fiscal 2020/21 results were adversely impacted by the closures of the Group's venues during the year with the loss of venues NGR resulting in operating result declining by 532%. NGR declined by 48% due to the impact of the COVID-19 pandemic on the Group's venues. The Board will not be proposing a 2020/21 dividend.

For the 12 months ended 30 June 2021, loss before tax was 107.3 million pounds compared to profit of 13.4 million pounds, last year. Loss per share from continuing operations was 22.2 pence compared to profit of 2.2 pence. Underlying operating loss was 67.0 million pounds compared to profit of 48.4 million pounds. Underlying loss per share was 20.3 pence compared to profit of 6.7 pence.

Fiscal year revenue from continuing operations declined to 329.6 million pounds from 629.7 million pounds, last year. Group underlying net gaming revenue declined 50 percent to 288.2 million pounds.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Major covid vaccine makers said they are investigating Omicron, the new, heavily mutated coronavirus variant that was first detected in South Africa, and working to adapt their vaccines, if needed. The World Health Organization, which named the new variant omicron, said the new strain is a "variant of concern" that could pose a higher risk of reinfection compared to the previous mutations. This Black Friday and the following holiday season, retailers across the United States are urged to keep up their inventory amid expected surge in shopping as majority of Americans wait till last minute to fill their baskets, according to certain studies. A new Oracle Retail survey, which was conducted last week and presented earlier this week, showed that 66 percent of consumers were less than Eagle, Idaho -based Flagship Food Group is recalling certain TJ Farms Select brand frozen cauliflower, citing the potential to be contaminated with Listeria monocytogenes, the U.S. Food and Drug Administration said. The recall involves a limited number of cases of TJ Farms Select cauliflower that comes in 16 oz. packages with lot code 2077890089 and UPC code 75544000604-3.
RELATED NEWS
Follow RTT