H&T Group plc (HAT.L), in its pre-close trading update, said the board expects a good first half trading performance, also anticipating full-year pre-tax profit in line with current market view.
The core pawnbroking operations continue to perform strongly, with the Group due to report double digit year-on-year growth in its pledge book and largest income stream, the Pawn Service Charge. H&T added that an increased average loan, a marginal rise in redemption and faster than expected pledge book build in the Group's newer stores have contributed to this performance.
Year-to-date retail sales rose 7%, reflecting the new store additions and the continued focus on retail as the preferred and most profitable route to disposition. Year-to-date like-for-like sales were down 11% on last year, while profit margins have been maintained.
The board continues its strategy of expansion, with a further 14 stores having been added year to date, including 2 acquisitions and the conversion of 2 GoldBar retail mall units into fully fitted stores. The Group expects to report its interim results for the six months to June 30, 2012 on August 21, 2012.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.