The Ramsdens Holdings Board has recommended a final dividend of 6.3p per share for approval at the forthcoming AGM taking the total dividend for the Period to 9.0p per share (FY21: 1.2p), representing a return to the Group's progressive dividend policy.
Other financial highlights include:
FY22 profit for the Group has been driven primarily by the strong recovery in foreign currency gross profit to£12.6m (FY21: £3.3m) as international travel returned to a reasonable level.
Revenue generated by the Group's jewellery retail segment increased by almost 50% to £27.1m (FY21: £18.3m), supported by strategic investments in stock, merchandising and the website.
Demand for the Group's pawnbroking loans grew during the year as a result of customer spending habits returning to normal following the easing of restrictions related to Covid-19 and fewer alternative options for small sum short term credit being available. As at 30 September 2022, the loan book had increased by over 40% to £8.6m (FY21: £6.1m).
Precious metal buying volumes increased throughout the summer, aided by the high gold price and increased footfall. Revenue across this segment increased more than 50% to approximately £16.0m (FY21: £10.3m).
