4th Apr 2019 11:50
LONDON (Alliance News) - Pawnbroker and foreign exchange firm Ramsdens Holdings PLC said on Thursday it traded well and in line with management expectations in the year ended March 31.
Ramsdens said its annual performance reflected growth across all four its key income streams: Foreign currency; Pawnbroking, Jewellery retailing and the purchase of precious metals.
The company added that it has completed the integration of 18 stores and five loan books, acquired in March from Instant Cash Loans Ltd for GBP1.5 million.
Ramsdens said it continues to have confidence in making its strategic objectives in its current financial year.
"This has been another good year for Ramsdens, reflecting the strengths of our trusted brand and diversified business model. Our business has been tested in a challenging retail environment, an exceptional hot summer in the UK and a continued backdrop of Brexit uncertainty, and I am delighted to report that we have achieved our targets despite these challenges," said Chief Executive Peter Kenyon.
Ramsdens will publish its annual results on June 12.
Shares in Ramsdens were up 1.6% at 181.80 pence on Thursday.
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