H&T Group PLC Trading Statement (1801O)
November 03 2016 - 2:00AM
UK Regulatory
TIDMHAT
RNS Number : 1801O
H&T Group PLC
03 November 2016
3 November 2016
H&T Group plc
Trading update
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.
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.
The Group's development of its lending activities continues, at
31 October 2016 the pledge book had increased to GBP40.5m (30 June
2016: GBP39.0m) and the Personal Loans book to GBP8.2m (30 June
2016: GBP6.3m).
ENDS
For further information:
H&T Group plc
Tel: 020 8225 2797
John Nichols, Chief Executive
Steve Fenerty, Finance Director
Numis Securities (Broker and Nominated Adviser)
Tel: 020 7260 1000
Freddie Barnfield - Nominated Adviser
Mark Lander - Corporate Broking
Haggie Partners (Public Relations)
Tel: 020 7562 4444
Damian Beeley
Brian Norris
This information is provided by RNS
The company news service from the London Stock Exchange
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November 03, 2016 03:00 ET (07:00 GMT)