Trading Statement

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 £40.5m (30 June 2016: £39.0m) and the Personal Loans book to £8.2m (30 June 2016: £6.3m). 

ENDS

For further information:

H&T Group plc                                                                                                                

Tel: [phone]

John Nichols, Chief Executive

Steve Fenerty, Finance Director

Numis Securities (Broker and Nominated Adviser)         

Tel: [phone]

Freddie Barnfield - Nominated Adviser

Mark Lander - Corporate Broking

Haggie Partners (Public Relations)                                                                                                         

Tel: [phone]

Damian Beeley

Brian Norris

 

END

 

 

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