Ramsdens Holdings PLC on Monday said it was ‘highly confident’ in its growth prospects and expectations, citing a gilded boost in gross profit for its precious metals unit.

The statement came at the same day as its annual general meeting was held.

The Middlesbrough, England-based financial services provider and pawnbroker said that the pawnbroking loan book grew 3.9% to £10.7 million as at February 29 from £10.3 million at September 30, when its financial year ended.

Further, jewellery retail revenue was broadly flat compared to a year ago.

It added that purchase of precious metals gross profit jumped by about 20% year-on-year amid growing consumer awareness supported by a relatively high gold price.

Ramdens shares rose 6.7% to 192.00 pence each on Monday afternoon in London.

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