H&T profits to beat expectations
The company said the main reason for the strong performance was the higher sterling gold price since the EU referendum result. The increased gold price benefits H&T’s pawnbroking scrap and gold purchasing segments.
H&T’s development of its lending activities is continuing and by 31 October the pledge book had increased to £40.5 million from £39 million at the end of June. There was also a rise in the personal loans book which climbed to £8.2 million from £6.3 million in June.
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