Business
Trading Statement - 52 weeks
Trading Statement - 52 weeks.
About this update from Rank Group Plc
[{"type":"text","content":"\n RNS Number : 2294F Rank Group PLC 08 January 2010 \n\n\n8th January 2010\n\nThe Rank Group Plc trading update for 12 and 52 weeks to 27 December 2009 \n(all comparisons are with the equivalent periods in 2008)\n\nThe Rank Group Plc ('Rank' or the 'Group') announces 3% growth in Group revenue for the 52 weeks to 27 December 2009. This performance was due in large part to the expansion of our casinos business as well as the effect of tax changes contained in the Budget 2009, which increased Mecca Bingo's reported revenue but reduced operating profit. \n\nDuring the final 12 weeks of the year, revenue grew by 6% as both Rank Interactive and Grosvenor Casinos delivered improved performances. On a like-for-like basis, revenue increased by 1% in the 52-week period and by 2% in the 12 weeks. \n\nAs a result of the Group's resilient trading performance, its effective cost control measures and its current low cost of financing, Group adjusted earnings per share for 2009 will be significantly higher than in 2008 and will be above the upper end of analysts' forecasts (see note 1). \n\n\n\n\n\nGroup and segmental revenue to 27 December 2009\n\n\n\n\n\n\n\nWeeks 41 to 52\n\n\nWeeks 1 to 52\n\n\n\n\n\n\n\nLike-for-like*\n\n\nTotal\n\n\nLike-for-like\n\n\nTotal\n\n\n\n\nMecca Bingo\n\n\n0%\n\n\n2%\n\n\n0%\n\n\n2%\n\n\n\n\nGrosvenor Casinos\n\n\n4%\n\n\n11%\n\n\n3%\n\n\n7%\n\n\n\n\nTop Rank Espana**\n\n\n(1)%\n\n\n(1)%\n\n\n2%\n\n\n2%\n\n\n\n\nRank Interactive\n\n\n7%\n\n\n7%\n\n\n(4)%\n\n\n(4)%\n\n\n\n\nGroup\n\n\n2%\n\n\n6%\n\n\n1%\n\n\n3%\n\n\n\n\n*Like-for-like excludes the effects of club openings and closures as well as changes to the tax regimes for bingo and casino card room games in HM Government's Budget 2009.\n** Top Rank Espana performance not adjusted for currency movement. In euros, revenue declined by 4% between weeks 41 and 52 and by 9% between weeks 1 and 52.\n\nMecca Bingo\n\n\n\n\n\n\n\nWeeks 41 to 52\n\n\nWeeks 1 to 52\n\n\n\n\n\n\n\nLike-for-like\n\n\nTotal\n\n\nLike-for-like\n\n\nTotal\n\n\n\n\nCustomer visits\n\n\n(1)%\n\n\n1%\n\n\n(4)%\n\n\n(3)%\n\n\n\n\nSpend per visit\n\n\n1%\n\n\n1%\n\n\n4%\n\n\n4%\n\n\n\n\nRevenue\n\n\n0%\n\n\n2%\n\n\n0%\n\n\n2%...