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IN BRIEF: Stanley Gibbons reports strong trading in second half

Tue, 19th Apr 2022 17:57

Stanley Gibbons Group PLC - Jersey-based rare stamp dealer - Says trading in the second half continued to improve across all areas of the business. Revenue for the year ended March 31 is expected to be USD12 million. Philatelic division has performed well, with both parts of the business showing "good momentum" in recent months. Company adds the second half for the division was "significantly" ahead of the first. Says the Numismatic division performed strongly through Covid. Hopes that the "most profound" impacts of Covid-19 is behind the business.

Current stock price: 2.13 pence

12-month change: down 30%

By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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More investment in a new online trading system hit profits at stamp collecting group Stanley Gibbons. Gibbons said adjusted pre-tax profits in the six months to December 31st came in at £3.8m, down on the £4.1m achieved in 2012. Adjusted pre-tax profit in the 12 months to December 31st was £5.6m ag

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