Stanley Gibbons Group (AIM:SGI) trading update confirms what many were already thinking
While progress was made in September on completing some high value sales even with this progress, sales achieved for the first six months were only at a similar level to the same period last year, despite the inclusion of sales from the Mallett acquisition completed in October 2014. Turnover for the 6 months to 30th September 2014 was £27.1m.
Gross margins and profits are expected to be substantially below those of the same period last…
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