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Ramsdens Holdings ( (GB:RFX) ) has shared an announcement.
Ramsdens Holdings PLC announced a record year for the financial year ending September 2024, reporting a 12% increase in profit before tax to £11.4 million. This growth was driven by significant performances across its four core income streams, with the precious metals segment benefitting from high gold prices and contributing to a 29% increase in gross profit. The company also experienced growth in its pawnbroking, jewellery retail, and foreign currency sectors. Despite rising operational costs, Ramsdens remains confident in its diversified business model and has continued to expand, with new store openings and a focus on future growth and efficiency improvements. The company’s strong financial results underscore its positioning in the market and commitment to shareholder value, with an 8% increase in total dividends for the period.
More about Ramsdens Holdings
Ramsdens Holdings PLC is a growing, diversified financial services provider and retailer. The company operates in four core business segments: foreign currency exchange, pawnbroking loans, precious metals buying and selling, and retailing of second-hand and new jewellery. Headquartered on Teesside, Ramsdens operates 169 stores across the UK, including one franchised store, and has a growing online presence. Ramsdens is fully FCA authorised for its pawnbroking and credit broking activities and as an authorised payments institution.
YTD Price Performance: 1.08%
Average Trading Volume: 86,242
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £74.96M
See more data about RFX stock on TipRanks’ Stock Analysis page.
