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Guoco Group Unit Rank Sees Lower Operating Profit in FY22

MT Newswires ·  06/21/2022 16:34

04:33 AM EDT, 06/21/2022 (MT Newswires) -- Guoco Group (HKG:0053) subsidiary Rank Group expects lower underlying operating profit for fiscal year 2022 on lower casino visits, according to a Monday stock filing.

The casino operator expects underlying operating profit of about 40 million British pounds ($49.2 million) for the year ended June 30, lower than the previously reported range of 47 million pounds and 55 million pounds.

Rank will release earnings for the year on Aug. 18.

Price (HKD): $79.50, Change: $-1.50, Percent Change: -1.85%

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