Revenue at pawnbroker Ramsdens rockets as Brits cash in on soaring gold prices Business Revenue at pawnbroker Ramsdens has risen to a fresh high as Brits take advantage of soaring gold prices. The London-listed business, which has over 160 stores across the UK, posted a 22 per cent jump in turnover to £117m in the year to end September amid a more than 50 per cent in profit from [...]
Ramsdens strikes gold after price jump boosts profit to record high Retail Pawnbroker Ramsdens enjoyed a bumper six months as its profit soared on the back of record high gold prices. Ramsdens’ pre-tax profit jumped 54 per cent to an all-time high of £6.1m. This was up from £4m in the first half of 2024. The firm said its purchase of precious metals segment performed “very strongly” [...]
Ramsdens: Pawnbroker raises guidance profit on high gold price Retail Pawnbroker Ramsdens has raised its profit guidance for the year, boosted by the high gold price and income from jewellery. It now expects profit before tax for the 2025 financial year, which ends on October 1, to be at least £13m. This is up from £11.4m last year and £1m ahead of previous expectations. The [...]
Surging gold price helps pawnbroker Ramsdens to record profit January 14, 2025 Ramsdens has delivered a record profit thanks to the surging gold price and demand for its pawnbroking services. The retailer, which offers financial services as well as pawnbroking, told markets this morning that revenue rose 14 per cent in the year to September 30, to £95.6m from £83.8m in 2023. Gross profit rose 13 per [...]
Ramsdens: Pawnbroker ups guidance on high gold price August 6, 2024 Pawnbroker Ramsdens reported good trading momentum in its third quarter, with profit before tax expected to come in ahead of expectations, mainly thanks to higher gold prices. The company said it expected profit to rise eight per cent this year, from £10.1m in 2023 to £11m. Revenue was helped by the high gold price, which [...]