Half-Year Earnings Rise 12.5% at H&T as Cost of Living Crisis Persists
H&T's Financial Performance in 2024
H&T, the leading pawnbroker in the UK, has evidenced resilience in a tough economy with a 12.5% increase in half-year profits. Pre-tax earnings have reached £9.9 million, highlighting how consumers are opting for quick finance solutions amidst rising living costs.
Adapting to Economic Challenges
As households face increasing financial pressures, many are turning to pawnbroking for immediate cash. H&T's 280 shops across the UK have seen heightened demand for loans secured against jewellery and watches, showcasing a significant growth opportunity for the company amidst this crisis.
- Profits up 12.5% year-on-year
- Pre-tax profits hit £9.9m
- Increased demand for quick loans
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