StockMarketWire.com - Pawn broker Ramsdens said it would book a one-off £0.6m gain in the first half after it decided to scrap some jewellery to take advantage of a higher gold price.

The company said that it had continued to trade 'well' in the six months through September, with its profit performance in line with its expectations.

'In addition to this good trading performance, during the first half, Ramsdens' management took the decision to scrap some of the group's slower-moving jewellery stock to take advantage of a relatively high gold price,' Ramsdens said.

'As a result, the group will report an additional, non-recurring gross profit of approximately £0.6m in its first half results.'




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