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The stamps specialist has reported a 25 per cent increase in profit before tax for the six months to 30 June, to £1.7 million. Sales rose by 16 per cent during the same period, to £8.8 million.
Stanley Gibbons, a leading brand for stamp collectors, is a Jersey-registered company and also has a 'showcase office' in Guernsey, as well as 'the world's largest stamp shop' in London at 399 the Strand.
Chairman Paul Fraser said earnings per ordinary share of 5.16p, up 30 per cent, had benefited from the 20 per cent tax rate on new business coming through the Guernsey office, which opened last year.
Average order values have increased by 36 per cent compared to the same period last year, with sales to collectors of stamps from Great Britain increasing by 67 per cent.
Published 14/08/07
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Further details can be found in the Jersey Evening Post, the Island's leading source of news, information and advertising, available from 12.15pm on Mon-Fri and 9am on Saturday.
JEP telephone: |
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