Business
Half Yearly Report
Half Yearly Report.
About this update from Rank Group Plc
[{"type":"text","content":"\n \nRNS Number : 3750N Rank Group PLC 29 January 2016 \n\n29 January 2016\nThe Rank Group Plc (\"Rank\" or the \"Group\")\nHalf-year results for the six months ended 31 December 2015\nA good set of results with like-for-like revenue growth across all brands and channels\n \nFinancial highlights in the six months ended 31 December 2015\n\n\n\n\n \n\n\nH1 2015/16\n(unaudited)\n\n\nH1 2014/15\n(unaudited)\n\n\nChange\n\n\n\n\nFinancial KPIs\n\n\nGroup revenue\n\n\n£374.2m\n\n\n£361.7m\n\n\n3%\n\n\n\n\nLike-for-like Group revenue\n\n\n£370.1m\n\n\n£351.7m\n\n\n5%\n\n\n\n\nAdjusted profit before tax\n\n\n£37.4m\n\n\n£35.8m\n\n\n4%\n\n\n\n\nGroup operating profit before exceptional items and Remote Gaming Duty\n\n\n£46.1m\n\n\n£41.7m\n\n\n11%\n\n\n\n\nAdjusted earnings per share\n\n\n7.4p\n\n\n7.1p\n\n\n4%\n\n\n\n\nNet debt\n\n\n£52.0m\n\n\n£94.9m\n\n\n \n\n\n\n\nGroup EBITDA\n\n\n£62.7m\n\n\n£62.1m\n\n\n1%\n\n\n\n\nStatutory performance\n\n\nStatutory revenue \n\n\n£352.7m\n\n\n£343.3m\n\n\n3%\n\n\n\n\nProfit before taxation after exceptional items\n\n\n£42.7m\n\n\n£36.3m\n\n\n18%\n\n\n\n\nCash generated from continuing operations\n\n\n£63.7m\n\n\n£68.5m\n\n\n(7)%\n\n\n\n\nEarnings per share before exceptional items\n\n\n8.1p\n\n\n6.9p\n\n\n17%\n\n\n\n\nDividend per share\n\n\n1.80p\n\n\n1.60p\n\n\n13%\n\n\n\n\n \nKey highlights\n· Group revenue up 5% on a like-for-like basis\n· Group operating profit before exceptional items up 11% excluding the impact of Remote Gaming Duty (\"RGD\")\n· Continued strong digital revenue growth, up 14%\n· Grosvenor Casinos revenue up 7%\n· Mecca's retail bingo business in growth with revenue up 2% on a like-for-like basis\n· New digital platform migration on track; go-live by the end of this quarter as planned\n· Two new format bingo clubs planned to be opened summer 2016\n· Contracts agreed with new suppliers for both digital poker and sports book offer\n· Luton casino refurbished to accommodate the newly-awarded 2005 Act casino licence\n· Strong dividend growth with interim divi...