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30 Jun 2010 07:00
H&T GROUP PLC
Pre-Close Trading Update
H&T Group plc ("H&T" or the "Group") is pleased to issue a trading update prior to the announcement of its interim results for the six months ending 30 June 2010. H&T expects to report its interim results for the six months to 30 June 2010 on 24 August 2010.
The Board is pleased to announce that year-to-date trading from both the Group's core business and the new stores continues to perform in line with the Board's expectations. The Board also notes that retail sales have held up well despite the present economic environment.
The continued rise in the sterling gold price during 2010 has enabled the Group to achieve gold purchasing margins and scrap disposition margins consistent with H2 2009, and as a result the Board expects to report strong first-half results and that full-year profit before tax will exceed current market consensus forecasts.
The Group's store expansion programme continues to progress well with a further six stores opened so far this year.
ENDS
For further information, please contact:
|
H&T Group plc John Nichols, Chief Executive Alex Maby, Finance Director |
0870 902 2600 |
|
Hawkpoint Partners Limited Lawrence Guthrie / Sunil Duggal |
020 7665 4500
|
|
Numis Securities Limited Mark Lander |
020 7260 1000 |
|
Pelham Bell Pottinger Polly Fergusson / Damian Beeley |
020 7861 3923 |
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