StockMarketWire.com - Ramsdens continued to trade well and in line with the board's initial expectations for the year.

The company said the performance reflects the strength of its diversified business model with growth across the four key income streams of foreign currency, pawnbroking, jewellery retailing and the purchase of precious metals.

In March, the group announced the strategic acquisition of 18 stores and five loan books from Instant Cash Loans.

Ramsdens said the initial integration of these stores to its systems and processes has been successful.

The acquisition further expanded the reach of the Ramsdens brand and offering across communities in the UK, and demonstrates the growth opportunities available to the group in the fragmented UK market.

The board said it is confident in the group making further progress on its strategic objectives in the forthcoming year.

Ramsdens announced it will issue its results for the year ending 31 March on 12 June.




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