Weak reuslts for Rank plc

One of Britain's larger online and land gambling groups, Rank plc, has published its results for the full year to 31 December 2008, showing a bottom line loss of GBP 4.9 million (2007 FY: profit of GBP 311.75)

Operational losses widened to GBP 19.9 million from 2007's GBP 5.3 million, and adjusted net earnings attributable to equity shareholders were GBP 28.4 million, lower than GBP 32 million a year ago.

Loss before taxation was GBP 26.1 million, compared to a profit of GBP 7.1 million last year.

Revenue for the year declined to GBP 522.2 million from GBP 534.4 million in 2007.

The Directors have not proposed a ?nal dividend in respect of the year ended 31 December 2008.

Stabilisation measures had enabled the group to end 2008 “in significantly better shape than it had started the year," said Rank chief executive Ian Burke.

All News Categories

Most Viewed Articles

See all

Related News

Live activity feed

Swipe left or right to see more

lcb activities in the last 24 hours

  • 33
    new members
  • 574
    members online
  • 14168
    guests online
  • 119
    new posts
  • 12661
    free games played
Join the club

Highest Community Rated Online Casinos

Swipe left or right to see more

Latest forum posts

Join today and start earning rewards

You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
S logo

Report to moderator

Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

Please note that your email address will be revealed to the moderators if you use this

Select Language
Search Results