The owner of Mecca Bingo, The Rank Group, has surged back into the black with profit that outstripped previous expectations.

The London-listed group, which is headquartered in Maidenhead, saw its net gaming revenue grow by nine per cent year on year to £734.4m in the 12 months ending June 30, 2024, up from £671.4m in the year before.

This drove a pre-tax profit of £15.5m during the period, follow a pre-tax loss of £123.3m in the 12 months before.

In addition The Rank Group saw its like-for-like underlying operating profit for the year reach £46.5m, slightly surpassing analysts’ expectations and more than doubling last year’s £20.1m.

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