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Pre-Close Trading Update

30 Jun 2010 07:00

RNS Number : 4667O
H&T Group PLC
30 June 2010
 



 

 

 

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

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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