tiprankstipranks
Advertisement
Advertisement

Guoco Group’s Subsidiary Rank Announces Turnaround

Guoco Group’s Subsidiary Rank Announces Turnaround

Guoco Group (HK:0053) has released an update.

Claim 30% Off TipRanks

Guoco Group Limited has announced the financial results for its subsidiary, The Rank Group Plc, for the fiscal year ending on 30 June 2024, showing a significant improvement with revenues of £734.7 million and a net profit of £12.2 million, compared to a net loss of £95.8 million the previous year. In light of these results, The Rank Group Plc will propose a final dividend of 0.85p per share at the upcoming annual general meeting, marking a turnaround from the previous year when no dividend was distributed.

For further insights into HK:0053 stock, check out TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1