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H&T Group pre-tax profits down 17.9%

By BFN News | 07:39 AM | Thursday 05 March, 2015

Pawnbroker H&T Group posts pre-tax profits of £5.5m for the year to the end of December - 17.9% down on last time. Gross pofit fell 8.4% to £45.7m and diluted earnings per share fell by 12.1% to 11.78p. The proposed full year dividend is maintained at 4.8p per share. Chief executive John Nichols said: "The market has evolved rapidly over the last two years and has severely impacted many businesses in the sector. H&T has focused on strengthening its balance sheet, controlling costs and driving retail revenues to de-risk the business and protect earnings in the short term. "We have simultaneously enhanced our capabilities and customer offering through brand, product and systems development. With a strong operational infrastructure in place, a robust balance sheet and an evolving suite of products, we are well placed to return to profitable growth." Story provided by

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