The Ramsden Holdings Board is recommending a final dividend of 7.6p per share for approval at the forthcoming AGM. This takes the total dividend for the Period to 11.2p per share (FY23: 10.4p) an increase of 8%.
Other financial highlights include:
●Record profit for the Group driven by growth across all four key income streams:
●Very strong performance delivered by the purchase of precious metals segment, with volume and values supported by the high gold price. Gross profit for this segment increased 29% to £11.8m (FY23: £9.2m).
●Foreign currency gross profit increased 4% year on year to £14.2m (FY23: £13.6m)
●Pawnbroking gross profit increased 16% to £11.7m (FY23: £10.0m).
●Jewellery retail gross profit increased 10% to £13.3m (FY23: £12.1m) with improved H2 performance providing good momentum into FY25.
●Investment in new Head Office to allow greater processing capacity, improving operational efficiencies and provide infrastructure for future growth plans.
●Basic EPS increased by 7% to 26.1p per share (FY23: 24.5p) following a full year at the increased corporation tax rate of 25%.
