The Rank Group improves revenue in H2

The Rank Group has announced its interim results for the last six months, showing an increase in revenue from £366m to £375m.

The result shows an improvement in digital revenue in the period, with Mecca Bingo and Grosvenor Casinos continuing to grow customer volumes.

John O’Reilly, chief executive, said: “The first half of our financial year has been a tough trading period. I am, however, encouraged by the group’s improved performance in H2. The three-year transformation programme that we outlined at our full-year results in August 2018 is now well under way with nearly 300 initiatives identified and tasked. The programme will gain further momentum in H2 2018/19 and the management team is positive about what can be achieved.”

“While there is lots to be done to deliver the revenue improvements and cost efficiencies identified, I am confident in the outlook for Rank and excited about the opportunities that exist”, he added.