Ramsdens flags record full-year profits

10th Oct 2024 07:21

(Sharecast News) - Financial services provider and retailer Ramsdens reported strong trading momentum for the financial year ended 30 September in an update on Thursday.

The AIM-traded company said it expected to post a record profit before tax of at least £11m, surpassing the £10.1m reported for the prior year.

It put the performance down to continued positive momentum in the second half, positioning the group for further growth in the 2025 period.

"We're pleased with the record profit performance in 2024," said chief executive officer Peter Kenyon.

"All key income streams are growing and we have optimism for further progress in the 2025 financial year.

"This performance once again demonstrates the strength of our diversified business model which underpins our long-term growth strategy."

Ramsdens said it planned to announce its full-year results on 14 January.

At 0900 BST, shares in Ramsdens Holdings were down 0.98% at 203p.

Reporting by Josh White for Sharecast.com.