Email Facebook Twitter

#AST: Board changes and new strategy for Ascent as Hutchinson looks at new projects Watch Here

#AST: Board changes and new strategy for Ascent as Hutchinson looks at new projects
EXCLUSIVE: Petro Matad announce fully funded 4 well Mongolia campaign

Alliance News

Pawnbroker H&T's Profit Leaps 45% In 2017 On Strong Gold Price

Tue, 13th Mar 2018 13:07

LONDON (Alliance News) - Pawnbroker and loan provider H&T Group PLC said on Tuesday it posted a rise in profit and lending for 2017, as the sterling gold price continued to benefit from the overall weakness of the sterling caused by Brexit.

For the year, H&T reported a pretax profit of GBP14.1 million, up 45% from GBP9.7 million the year before, on revenue that grew to GBP110.3 million from GBP 96.6 million.

In its Personal Loans division, H&T said its net loan book nearly doubled in the year to GBP18.3 million from GBP9.4 million, and its gross pledge book rose 12% to GBP46.1 million from GBP41.3 million.

The company's rate of redemption of annual leading dipped slightly to 83.6% from 84.3% in 2016.

H&T declared a dividend of 10.5 pence per share, up 14% at 9.2p the prior year.

"This has been a milestone year for H&T. We have produced a strong trading performance which is due in no small part to the initiatives which we have implemented over the past few years. We have sought to refine our core operations to ensure that they produce the best possible results, while developing our credit and online propositions. I am pleased that the impact of these efforts is borne out in today's results," said Chief Executive John Nichols.

Shares in H&T Group were down 0.3% at 352.00 pence on Tuesday.

By Dayo Laniyan;

Copyright 2018 Alliance News Limited. All Rights Reserved.

Alliance News

Back to Alliance News

Share Price, Share Chat, Stock Market news at
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.