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14 Aug 2018 | 08:27

H&T Group profits rise 11% as wave of new customers support growth

H&T Group said Tuesday first-half pretax profit as an influx of new customers drove pawnbroking and personal loans book growth.

For the six months to 30 June, Profit before tax rose 10.9% to £6.1m and revenue was up £10.8m.

Personal Loan book increased 78.0% to £17.8m.

The interim dividend was raised to 4.4p from 4.3p.

The group said current trading was in line with management's expectations. 'Steady pawnbroking growth, driven by increasing numbers of new customers and the continuing growth of the personal loans book, is pleasing,' said John Nichols, H&T chief executive.

At 8:27am: (LON:HAT) HT Group PLC share price was -1p at 309p

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