StockMarketWire.com - Pawn broker Ramsdens reported a 23% rise in first-half profit, driven by increased jewellery sales and foreign exchange income.

Pre-tax profit for the six months through September increased to £6.2m, up from £5.0m on-year. Revenue rose 30% to £32.5m.

Ramsdens declared an interim dividend of 2.7p, up 13% on-year.

'Our ability to share our cost base across our diversified income streams enables Ramsdens to offer jewellery at highly competitive prices and foreign currency at great exchange rates,' chief executive Peter Kenyon said.

'This value for money proposition has allowed the business to continue to grow its customer base and be resilient in what has been, and remains, a challenging consumer environment.'




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