H&T Group Plc pleasantly surprised by strong growth in its pledge book

John Nichols, chief executive of H&T GROUP PLC (LON:HAT), discusses the pawnbroking firm's first half 2018 numbers.

Profit before tax in the six months to the end of June rose 10.9% to £6.1mln from £5.5mln the year before, on revenue that climbed to £68.5mln from £57.7mln.

The net pledge book, including accrued interest, increased by 8.6% to £47.8mlm from £44.0mln in the first half of 2017, while the personal loan book shot up 78% to £17.8mln from £10.0mln.

Nichols says he's particularly loving how their retail site - www.est1897.co.uk - is coming along, '' We've got a lot of opportunity there … we've already made the sales this year that we did in the full year last year … a new site is coming  and due to launch this week and it's working well''.

''Customers are seeing that we do offer value and that really is the answer …. it's a good value proposition'', he adds.

Quick facts: H&T GROUP PLC

Price: 370 GBX

Market: LSE
Market Cap: £147.02 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of H&T GROUP PLC named herein, including the promotion by the Company of H&T GROUP PLC in any Content on the Site, the Company receives from said...



Full interview: H&T Group reports good growth in pawnbroking, customer...

H&T GROUP PLC's (LON:HAT) John Nichols talks Proactive London's Andrew Scott through the group's interim results to June 2019. Profit before tax rose to £6.8mln from £6.3mln the year before on revenue that rose to £70.0mln from £68.5mln. Nichols says the business saw growth in its...

on 13/8/19

2 min read