H&T Group plc ("H&T" or "the Group"), is pleased to provide a trading update for the financial year ending on 31 December 2016. The Board expects full year profit before tax to be above the top end of market expectations.
The principal reason for the strong performance is the higher sterling gold price since the EU referendum result. The increased gold price benefits the Group’s Pawnbroking Scrap and Gold Purchasing segments.
The Group’s development of its lending activities continues, at 31 October 2016 the pledge book had increased to £40.5m (30 June 2016: £39.0m) and the Personal Loans book to £8.2m (30 June 2016: £6.3m).