Rank’s profits to 2010 up significantly

25/02/2011

Rank Group Plc has posed a profit of 48.9 million pounds for fiscal 2010, compared to 37.9 million pounds last year.

Pre-tax profit for the year rose to 73.5 million pounds from 52 million pounds in the prior year. Adjusted pre-tax profit climbed to 55.2 million pounds from 48.5 million pounds in the previous year.

Ian Burke, chief executive of The Rank Group Plc said: “The Group continued its progress in 2010, delivering strong growth in earnings through improved revenue and profit generation and a further substantial reduction in net debt. At the same time, we  stepped up investment in our businesses and improved our competitive position in our key markets.

“We own a number of established and trusted gaming brands and have the rare ability to deliver them across a range of land-based venues and remote channels. We are developing increasingly sophisticated systems for understanding and engaging with our customers and our management team is motivated to deliver outstanding service to customers.”

Read Rank’s results here: http://www.rank.com/articles/80/full_year_results_2010.pdf

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