Surging online sales at collectibles dealer Stanley Gibbons drove top line growth in 2011 as the group continues its drive to become the eBay of the stamp-collecting world.
Sales of £35.7m were up 35% on 2010's £26.4m and well ahead of expectations of £30.2m. Online sales accounted for £4.3m of that, up 72% from £2.5m in 2010.
Adjusted profit before tax came in slightly ahead of expections of £4.98m at £5.2m, up 17% from 2010's £4.5m.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
More to follow ...
jh
-
FTSE 100 hits record highs – why is it rising and will we see more gains?Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
-
How to invest in copperIt may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
