Guoco : Announcement - Announcement of Unaudited Financial Results for the Half Year Ended 31 December 2016 of Subsidiary - The Rank Group Plc

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ANNOUNCEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE HALF YEAR ENDED 31 DECEMBER 2016 OF SUBSIDIARY - THE RANK GROUP PLC THIS ANNOUNCEMENT IS MADE BY GUOCO GROUP LIMITED ("GUOCO") PURSUANT TO PART XIVA OF THE SECURITIES AND FUTURES ORDINANCE AND RULE 13.09(2)(a) OF THE RULES GOVERNING THE LISTING OF SECURITIES ON THE STOCK EXCHANGE OF HONG KONG LIMITED TO PROVIDE SHAREHOLDERS OF GUOCO WITH FINANCIAL INFORMATION ON A LISTED SUBSIDIARY OF GUOCO, THE RANK GROUP PLC, WHICH PUBLISHED ON 26 JANUARY 2017 ITS UNAUDITED FINANCIAL RESULTS FOR THE HALF YEAR ENDED 31 DECEMBER 2016.

The Rank Group Plc ("Rank"), a subsidiary of Guoco and listed on London Stock Exchange Plc ("LSE"), published on 26 January 2017 the unaudited financial results of Rank and its subsidiaries (the "Rank Group") for the half year ended 31 December 2016. The summary of the unaudited financial results of the Rank Group for the half year ended 31 December 2016 together with the comparative figures of the preceding financial period are provided below:

The Rank Group Plc‌ Summary of the unaudited financial results of the Rank Group for the half year ended 31 December 2016

(Note: The expressions "£'m" and "p" mean "Great British pound in million" and "Great British pence" respectively.)

Half year ended 31 December 2016 (unaudited) ‌‌‌			Half year ended 31 December 2015 (unaudited) ‌
Before exceptional items £'m	Exceptional items * £'m	Total £'m	Before exceptional items £'m	Exceptional items * £'m	Total £'m
Continuing operations‌
Revenue	355.3	-	355.3	352.7	-	352.7
Cost of sales	(193.0)	(0.2)	(193.2)	(188.1)	-	(188.1)
Gross profit	162.3	(0.2)	162.1	164.6	-	164.6
Profit before taxation	33.6	1.8	35.4	36.7	6.0	42.7
Taxation	(6.3)	(1.0)	(7.3)	(5.1)	0.3	(4.8)
Profit for the period from continuing operations	27.3	0.8	28.1	31.6	6.3	37.9
Discontinued operations	-	-	-	-	3.7	3.7
Profit for the period	27.3	0.8	28.1	31.6	10.0	41.6

* Details of the exceptional items are disclosed in note 3 to the unaudited financial results of the Rank Group for the half year ended 31 December 2016.

Dividend

The board of directors of Rank has declared an interim dividend of 2.00p (2015: 1.80p) per ordinary share for the half year ended 31 December 2016.

Remarks: Details of the unaudited financial results of the Rank Group for the half year ended 31 December 2016 are accessible at LSE's website (http://www.londonstockexchange.com) and are also posted by Guoco as an overseas regulatory announcement on the websites of The Stock Exchange of Hong Kong Limited (http://www.hkexnews.hk) and Guoco (http://www.guoco.com).

Hong Kong, 26 January 2017‌

By Order of the Board Stella Lo Sze Man Company Secretary

As at the date of this announcement, the board of directors of Guoco comprises Mr. Kwek Leng Hai as Executive Chairman; Mr. Tang Hong Cheong as President & CEO; Mr. Kwek Leng San and Mr. Tan Lim Heng as Non-executive Directors; Mr. Volker Stoeckel, Mr. Roderic N. A. Sage and Mr. David Michael Norman as Independent Non-executive Directors.