Less Ads, More Data, More Tools Register for FREE

Pin to quick picksH&t Group Plc Regulatory News (HAT)

  • This share is currently suspended. It was suspended at a price of 650.00
  • There is currently no data for HAT

Pre-Close Trading Update

17 Jun 2011 07:00

RNS Number : 6069I
H&T Group PLC
17 June 2011
 



17 June 2011

 

H&T GROUP PLC

 

Trading Update

H&T Group plc ("H&T" or "the Group") has traded strongly in the first five months of the current financial year. Accordingly, the Board expects strong first half results and to deliver full-year profit before taxation above the top end of current market expectations, despite the costs of the continuing new store expansion programme, with 10 new stores having opened so far this year.

Strong like-for-like lending, driven predominantly by the continued rise in the gold price supporting an increased average loan, and a marginal improvement in redemption has contributed to the Group's core income stream, the Pawn Service Charge, exceeding Board expectations. In addition, the Group has experienced a good performance from its recent store openings with the pledge book build being better than expected.

Gold purchasing profits have also remained strong and the Board expects that profits and margins for H1 11 from this segment to be broadly in line with H2 10.

H&T expects to report its interim results for the six months to 30 June 2011 on 23 August 2011.

 

 

For further information, please contact:

H&T Group plc

Tel: 0870 9022 600

John Nichols, Chief Executive

Alex Maby, Finance Director

Hawkpoint Partners Limited (Nominated adviser)

Tel: 020 7665 4500

Lawrence Guthrie / Sunil Duggal

Numis Securities (Broker)

Tel: 020 7260 1000

Mark Lander

Pelham Bell Pottinger (Public relations)

Tel: 07950 481795

Damian Beeley

dbeeley@pelhambellpottinger.co.uk

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTZMGMVVVDGMZM
Date   Source Headline
20th Mar 20077:02 amRNSFinal Results
28th Feb 20073:11 pmRNSHolding(s) in Company
12th Feb 20076:01 pmRNSHolding(s) in Company
1st Feb 200711:16 amRNSCHANGE IN HOLDING
24th Jan 20075:30 pmRNSChange in holding
12th Jan 20079:26 amRNSHolding(s) in Company
12th Jan 20079:25 amRNSHolding(s) in Company
9th Jan 20077:00 amRNSPre Close Trading Statement
21st Dec 20064:35 pmRNSHolding(s) in Company
18th Dec 20063:02 pmRNSHolding(s) in Company
15th Dec 20069:17 amRNSVoting Rights and Capital
10th Oct 20063:42 pmRNSAcquisition of stores
12th Sep 20068:38 amRNSGrant of Options
31st Aug 20067:00 amRNSInterim Results
23rd Aug 200612:41 pmRNSIntention to release results
22nd May 200610:39 amRNSHolding(s) in Company
11th May 20063:08 pmRNSHolding(s) in Company
9th May 200612:36 pmRNSHolding(s) in Company
8th May 20067:02 amRNSAIM Listing
8th May 20067:02 amRNSAdmission to AIM

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.