Guoco Group (HK:0053) has released an update.
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Guoco Group’s affiliate, Rank Group Plc, reports a robust year with a 9% increase in like-for-like Net Gaming Revenue, underlying operating profits more than doubling to £46.5 million, and strong fourth-quarter trading providing positive momentum. The company exhibits a sound financial position with net cash of £20.9 million and continued investment in its workforce and technology. The board’s proposal of a final dividend signifies confidence in Rank’s ongoing recovery and future prospects.
For further insights into HK:0053 stock, check out TipRanks’ Stock Analysis page.
