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Guoco Group’s Subsidiary Rank Announces Turnaround

Guoco Group’s Subsidiary Rank Announces Turnaround

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

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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.

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