RANK ORGANISATION CURRENT TRADING SATISFACTORY Rank Organisation Plc <RANK.L> said trading in the current year had continued satisfactorily taking into account seasonal fluctuations. Association companies, such as <Rank-Xerox Ltd>, indicated an improved performance, a statement issued at the annual meeting said. It said it planned to spend some 15 mln stg on refurbishing its Odeon cinema chain and the Rank Film Distributors unit was committed to spending 20 mln to secure international distribution rights of films. Investment in new activities in 1987 should continue at a relatively high level to exploit opportunities for growth. Rank said it did not exclude the possibility of making large as well as small acquisitions. In the year to end-October, Rank reported a rise in pretax profits to 164.1 mln stg from 136.0 mln previously. Rank shares firmed in morning trading to be quoted at 712p at 1320 GMT after 697p at last night's close.