H&T Group plc ( (GB:HAT) ) has provided an announcement.
H&T Group plc reported a record year for 2024, with a 10% increase in profit before tax, reaching £29.1 million. The company saw significant growth in its pledge book and retail sales, reflecting strong demand for its core pawnbroking services and jewellery offerings. The expansion of its store estate to 285 locations and the refurbishment of 48 stores have added substantial value to the business, supporting future earnings potential. The company’s strategic focus on growing its market share and supporting business communities has been bolstered by the acquisition of Maxcroft, leading to an increase in larger loans. H&T’s commitment to customer service and ongoing investment in its operations positions it well for continued growth amid favorable macroeconomic conditions.
More about H&T Group plc
H&T Group plc is the UK’s largest pawnbroker and a leading retailer of high-quality new and pre-owned jewellery and watches. The company provides a range of financial products tailored for customers with limited access to traditional banking services, including pawnbroking, retail, and foreign currency services.
YTD Price Performance: 6.63%
Average Trading Volume: 76,116
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £165.4M
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