The Rank Group posts encouraging digital results in half-year report

The latest half-year results have been announced by The Rank Group Plc, with strong showings across digital operations.

[dropcap]T[/dropcap]he British gambling company, The Rank Group Plc, has confirmed its latest half-year results with a focus on digital operations and strategic progress in 2017.

Rank’s group revenue saw an overall rise of 2% during the period with digital revenue performing strongly with an 11% surge during the last six months.

The company claims the encouraging results form part of wider improving trends in retail casino and UK digital revenues during the second quarter of 2016.

Henry Birch, Chief Executive of The Rank Group Plc, said: “The first half of the Group’s financial year has seen challenging trading conditions for both our retail casino and bingo businesses, with strong comparable figures in the previous year. That being said, both businesses showed a year-on-year improvement from quarter to quarter. Our digital business continues to grow strongly and there remains significant potential for this channel as we deliver improvements in H2.”

The Rank Group has also laid out plans to restructure its digital operations to continue driving growth in the sector as it moves into 2017.

Birch added: “Despite increased inflationary and employment costs, we have detailed plans to improve H2 operating profit and remain confident that the Group will make good strategic progress in 2017. As a result, the Board expects that the full year results will be in line with market forecasts.”

For the full half-year results, visit The Rank Group Plc’s website.