3rd Mar 2016 08:58
LONDON (Alliance News) - H&T Group PLC on Thursday reported growth in profit in 2015 driven by an increase in revenue and good performance in Personal Loans and its Other Services divisions.
The pawnbroker, financial lender and money services provider said its pretax profit in 2015 grew by nearly a quarter to GBP6.8 million from GBP5.5 million in 2014, as revenue rose by 3.9% to GBP47.5 million from GBP45.7 million, boosted by growth in Personal Loans and Other Services.
Other Services includes foreign exchange and 'buyback' products.
H&T will pay a final dividend of 4.5 pence, up from the 2.7p it paid the prior year, bringing the total dividend to 8p, up from 4.8p in 2014.
"The demand for small sum, short-term cash loans remains strong and by increasing the range of assets it accepts, by expanding Personal Loans and Other Services both in-store and online we are ideally positioned to capitalise on this changing marketplace," Chief Executive John Nichols said in a statement.
"Our continued investment in stores, people and systems has provided a strong platform to support growth. Current trading is in line with management's expectations for 2016," he added.
Shares in H&T were trading up 4.6% at 193.56 pence on Thursday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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