H&T Group profits get lift from uptick in pawnbroking, personal lending and retail activity
StockMarketWire.com - H&T Group said profits rose 7.9% in the first half of the year as revenue was boosted by increased pawnbroking, personal lending and retail activity.
For the six months ended 30 June 2019, pre-tax profits were up 7.9% to £6.8m from a year earlier,w with revenue up £1.5m to £70m.
The company approved an interim dividend of 4.7 pence, up from 4.4p last year.
'We are excited about the opportunity to achieve uplift and return from our newly enlarged store estate,' the company said. 'We will continue to focus on people development and transfer the Group's success factors into the 65 newly acquired ex-Money Shop stores.'
'We will also look at opportunities where the Money shop excelled (for example Western Union, FX, cheque cashing) and transfer knowledge and synergies where relevant.'
At 10:19am: (LON:HAT) HT Group PLC share price was +0.5p at 342p
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