StockMarketWire.com - Pawnbroking company Ramsdens Holdings declared a maiden interim dividend after posting a large rise in first-half profit.

Pre-tax profit rose 63% to £5.2m, as revenue rose 18% to £21.8m.

The group declared an interim dividend of 2.2p per share, following on from the maiden final dividend of 1.3p per share declared for last year.

"Ramsdens has had a strong first half of the financial year with foreign currency exchange, pawnbroking and retail jewellery all showing good growth," chief executive Peter Kenyon said.

"The sterling gold price has been ahead of expectations and continues to benefit the purchase of precious metals and pawnbroking scrap proceeds."

"We have made a good start to the second half of the year and have good momentum as we head into the seasonally important Christmas period for jewellery retail."




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