H&T Group claims stellar performance ahead of year-end

H&T Group posted a trading update for the financial year ending on 31 December on Thursday.

The AIM-traded company said it expects full-year profit before tax to be above the top end of market expectations.

It said the primary 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,” its board explained.

Development of the group’s lending activities was also continuing - at 31 October the pledge book had increased to £40.5m, from £39.0m at the end of June, and the Personal Loans book to £8.2m from £6.3m.