7th Mar 2023 14:53
H&T Group PLC - Surrey, England-based pawnbroker - Says pretax profit for 2022 amounts to GBP19.0 million, up by 90% from GBP10.0 million a year earlier. Gross profit increases by 33% to GBP101.9 million from GBP76.4 million, with all core business segments delivering significant growth. Looking ahead, remains confident of a positive trading environment. In particular, says it anticipates "continued strong demand for our core pawnbroking product as the impact of inflation on the consumer increases the need for small sum, short term loans at a time when supply of credit is constrained more than has been the case for many years". Declares a total dividend of 15.0 pence per share, up 25% from 12.0p a year prior.
Chief Executive Chris Gillespie says: "Trading performance continued to build steadily throughout the year, materially ahead of initial expectations. This trend has continued into the new year."
Current stock price: 452.44 pence, up 0.3% on Tuesday afternoon in London
12-month change: up 63%
By Xindi Wei, Alliance News reporter
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