STAMPS and autographs specialists Stanley Gibbons Group are bucking the trend so far this year and forecasting a strong second half.

On Friday the Jersey-incorporated listed company reported a six per cent rise in profit before tax, up from £1.7 million to £1.81 million, in the six months to 30 June.

Sales increased by 12 per cent, from £8.8 million to £9.8 million, of which almost a quarter were referred through the company’s internet site. Other key contributors to growth include increased investment in high value rarities and recruitment of new high net worth clients; development of agency relationships in Hong Kong, Canada and Japan; and the launch of a new product, active management investment portfolios.

During the six months an exceptional operating cost of £88,000 was paid to former chairman Paul Fraser as part of his service agreement. Shareholders will receive an interim dividend of 2p per share.

• Picture: Stanley Gibbons chairman Martin Bralsford