3 Nov 2016 07:00
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3 November 2016
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H&T Group plc
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Trading update
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H&T Group plc ("H&T" or "the Group"), is pleased to provide a trading update for the financial year ending on 31 December 2016. The Board expects full year profit before tax to be above the top end of market expectations.
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The principal reason for the strong performance is the higher sterling gold price since the EU referendum result. The increased gold price benefits the Group's Pawnbroking Scrap and Gold Purchasing segments.
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The Group's development of its lending activities continues, at 31 October 2016 the pledge book had increased to ÂŁ40.5m (30 June 2016: ÂŁ39.0m) and the Personal Loans book to ÂŁ8.2m (30 June 2016: ÂŁ6.3m).
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ENDS
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For further information:
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H&T Group plc
Tel: 020 8225 2797
John Nichols, Chief Executive
Steve Fenerty, Finance Director
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Numis Securities (Broker and Nominated Adviser)
Tel: 020 7260 1000
Freddie Barnfield - Nominated Adviser
Mark Lander - Corporate Broking
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Haggie Partners (Public Relations)
Tel: 020 7562 4444
Damian Beeley
Brian Norris
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