Business
Annual Results - year ended 30 September 2021
Annual Results - year ended 30 September 2021.
About this update from Ramsdens Holdings Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7927Y\n Ramsdens Holdings PLC\n 18 January 2022\n \n \n \n \n \n \n \n \n \n \n Ramsdens Holdings PLC\n \n \n (\"Ramsdens\", the \"Group\", the \"Company\")\n \n \n Annual Results for the year ended 30 September 2021\n \n \n Resilient performance and well positioned to resume our growth strategy\n \n \n Ramsdens, the diversified financial services provider and retailer, today announces its Annual Results for the year ended 30 September 2021 \n (the \"Period\"). \n \n \n The prior period financial statements cover an 18 month period to September 2020, which includes a very strong 12 months of trading prior to the pandemic. The Board has taken the decision not to include information for the 12 month period to 30 September 2020 as it would be unaudited and the trading conditions, including level of restrictions and impact of the COVID-19 pandemic, in the two periods are not comparable. \n \n \n \n \n \n \n \n \n \n FY21\n \n \n (12 months) \n \n \n \n \n \n \n \n FP 20 \n \n \n (18 months)\n \n \n \n \n \n \n \n \n \n Revenue\n \n \n \n \n £40.7m\n \n \n \n \n £72.5m*\n \n \n \n \n \n \n Gross Profit\n \n \n \n \n £22.3m\n \n \n \n \n £47.1m\n \n \n \n \n \n \n Profit before tax\n \n \n \n \n £0.6m\n \n \n \n \n £9.2m\n \n \n \n \n \n \n Net Assets\n \n \n \n \n £36.1m\n \n \n \n \n £35.6m\n \n \n \n \n \n \n Net Cash\n \n \n \n \n £13.0m\n \n \n \n \n £15.9m\n \n \n \n \n \n \n Final dividend\n \n \n \n \n 1.2p\n \n \n \n \n -\n \n \n \n \n \n \n *Restated. The Group has changed an accounting policy in relation to pawnbroking loans in the course of realisation. There is no impact to gross profit or net assets. Further details can be found in the Financial Director's Review.\n \n \n Highlights: \n \n \n · \n Resilient performance achieved under challenging trading conditions caused by COVID-19 restrictions. \n \n \n · \n A profitable year with continued modest investment in long term strategic growth opportunities and a strong year-end balance sheet with net cash of £13.0m.\n \n \n · \n The Group kept almost all stores open through the retail lockdowns and continued to provide essential services that offer financial support to our loyal customers. \n \n \n · \n The Group received £1.6m of Government Support during the year, including £1.5m through the fu...