Stanley Gibbons sees stamp of success in China

Reuters

\"\"British stamp-collecting and memorabilia firm Stanley Gibbons Group posted an 8 percent rise in full-year adjusted pretax profit, aided by strong demand from its high net worth customers and an expanding client base in China.The London-based company, whose principal businesses include its namesake brand, Fraser\’s Autographs and Benham First Day Covers, said it will look at opening an investment office in Hong Kong, being the primary location for philatelic dealing in China.

\”The Chinese market is expected to represent a key growth area benefiting from our development of internal expertise in rare stamps from China,\” the company said in a statement.January-December pretax profit before items rose to 4.5 million pounds ($7.3 million). Revenue grew 13 percent to 26.4 million pounds.Stanley Gibbons raised its final dividend by 8 percent to 3.25 pence, taking the total dividend for the year to 5.5 pence.In January, the company had said it expected Benham collectibles business to benefit from the upcoming royal wedding.Stanley Gibbon\’s shares, which have gained a quarter of their value over the past year, closed at 153 pence on Thursday on the London Stock Exchange.

Related Posts with Thumbnails
This entry was posted in News, Press Release, Uncategorized and tagged , , , , . Bookmark the permalink.

One Response to Stanley Gibbons sees stamp of success in China

  1. Krista Mary Joseph,London says:

    India will overcome China, as far Phila investments are concerned, within the year 2018.
    So, my fellow Indians, shred ur fears, & go ahead at full steam.

Leave a Reply

Your email address will not be published. Required fields are marked *