Stamp group shares soar

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% increase in profit before tax and a 36% increase in sales.

The Jersey registered company, which is listed on the London Stock Exchange, reported profit of £2.

million to 31 December, compared to £1.

million in 2004.

Sales from its stamp business, Fraser’s Autographs, Collector Cafe and other collectable-related internet sites brought in sales of £13.

million last year, compared to £10 million in the previous year.

On Friday the share price rose by 18.

p, to 116.

p.

The company says it intends this year to open an office in Guernsey, to support its international expansion and satisfy clients ‘who would welcome the benefits of a Channel Islands base’.

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