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IN BRIEF: Ramsdens ups interim dividend 20% as profit and revenue jump

ALN

Ramsdens Holdings PLC - Middlesbrough, England-based financial services provider and pawnbroker - Records revenue of £39.0 million for the six months that ended on March 31, up 33% from £29.3 million the year before. Jewellery retail revenue increases by 32% to £17.3 million from £13.1 million. Pretax profit is up 68% to £3.7 million from £2.2 million, as operating profit rises to £4.0 million from £2.4 million a year earlier. Declares an interim dividend of 3.3 pence per share, up 22% from 2.7p the year before. Looking ahead, says the positive trading momentum continues so far into the second half of financial 2023.

Chief Executive Officer Peter Kenyon says: ‘We are pleased to report an excellent performance in the first half of the year which was achieved by strong trading across all our key income streams. This momentum puts us on course to deliver record profits for the group in the current financial year.’

Current stock price: 253.14 pence each, up 2.5% on Wednesday morning in London

12-month change: up 23%

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