Rank Reports Mixed Results
27 Apr 2004
LONDON – As reported by Reuters: "Rank Group says it has had a mixed start to the year, with improving sales at Hard Rock cafes offset by subdued trading at provincial gaming outlets.
"'We remain cautious at this early stage about the outlook for the full year partly because of the seasonality of a number of our businesses and also because of the mixed financial performance to date,' the owner of Mecca bingo halls and Grosvenor casinos told an annual meeting of shareholders on Tuesday.
"…But the firm said gaming had been held back by losses at its Clermont casino and by subdued trading in provincial outlets…"