Rank Group reports revenue growth across all channels in fiscal H1

Bingo club and casino operator Rank Group has set its sights on further growth after posting year-on-year increase across key financials in the first half of its fiscal year.

The company enjoyed a 3% increase in group revenue to £374.3 for the six months to December 31. Like-for-like basis revenue grew by 5% to £370.1 million.

Earnings before interest, tax, depreciation and amortization (EBITDA) is up 1% to £62.7 million while net debt decreased to £52 million from £94.9 million over the same period a year ago.

Rank’s brick and mortar business Grosvenor Casinos saw revenue rise 7% to £219 million, while Mecca’s retail bingo business was up 2% to £143 million.