Ramsdens profit rises 2.9% after higher jewellery sales
Source - SMW
Pawnbroker Ramsdens Holdings posted a 2.9% rise in annual profit underpinned by higher jewellery sales.
Pre-tax profit for the year through March rose to around £6.5m, up from £6.3 on-year, as revenue jumped 17% to £46.8m.
Jewellery retail revenue grew 23% to £9.8m.
The company declared a final dividend of 4.8p per share, taking the full-year payout to 7.2p, up 9% on-year.
'This has been another strong year of growth and strategic progress for Ramsdens,' chief executive Peter Kenyon said.
'The group's good performance has been achieved despite external headwinds and reflects the strengths of our diversified business model, our trusted brand, and our value for money proposition.'
'Customer demand for our products across our business segments remains strong and the group has a number of clear growth opportunities.'
'The board remains confident that the group will successfully deliver its strategic objectives and make further progress in the year ahead.' At 8:16am: (LON:RFX) Ramsdens Holdings Plc share price was 0p at 170p