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Ramsdens’ jewellery revenue increases by £1.8m in one year

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Ramsdens Holdings PLC has reported a sharp increase in revenue and declared financial 2019 as “another strong year” for the firm.

The year to March 2019 saw jewellery revenue grow by 23% to £9.8 million, up from £8 million in March 2018, while in total group revenue was up 17%, from £39.9 million to £46.8 million.

Peter Kenyon, Ramsdens’ chief executive, said: “This has been another strong year of growth and strategic progress for Ramsdens. The group’s good performance has been achieved despite external headwinds and reflects the strengths of our diversified business model, our trusted brand, and our value for money proposition.”

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He concluded: “Customer demand for our products across our business segments remains strong and the Group has a number of clear growth opportunities. The Board remains confident that the Group will successfully deliver its strategic objectives and make further progress in the year ahead.”

Ramsdens has over 160 branches throughout Northern England, Scotland and Wales, and in addition to jewellery sells foreign currency and offers pawn broking services.

Tags : annual financial reportramsdens
Patrick Cremona

The author Patrick Cremona

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