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26 May 2009 07:00
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ALBEMARLE & BOND HOLDINGSΒ PLC
("Albemarle & Bond"Β or the "Company")
TRADINGΒ UPDATE
Albemarle & Bond, theΒ UK'sΒ largestΒ pawnbroking business with 114 branches across the country,Β announcesΒ that it has tradedΒ ahead of the Board's expectationsΒ in recent months and resultsΒ for the yearΒ ending 30 June 2009 are now expected to be significantly ahead of market expectations.Β
The following representΒ some ofΒ the key points behind the Company's strong trading performance:
PawnbrokingΒ the Company's core business has benefitedΒ from theΒ higher price of gold which has enhanced the yield on unredeemed loans.
Commenced the introduction of gold buying across the store portfolio from January 2009 which had an immediately positive impact and is now in place across the Group.
Β Retail sales haveΒ been ahead of last year.
Greville Nicholls, Chief Executive of Albemarle & Bond, said, "The CompanyΒ willΒ deliver a strong trading result for this financial yearΒ andΒ looking ahead, weΒ willΒ continue to focusΒ on expanding our networkΒ of UKΒ stores both through the opening of greenfield sites and through acquisition."
Enquiries:
|
Greville Nicholls Chief Executive |
Albemarle & Bond Holdings plc |
0118 955 8100 |
|
David Pattinson Finance Director |
||
|
Nick Reeve David Abbott |
Smith & Williamson Corporate Finance Limited |
0117 376 2213 |
|
Tim Robertson Shan Shan Willenbrock Catherine Maitland |
CardewΒ Group |
020 7930 0777 |
To access more information on the company please visit:Β www.albemarlebond.com
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