Stanley Gibbons Group Plc reported a double digit growth in its pretax profit for FY 2009 on rising sales. Though net income increased, it just missed the company guidance. Stanley Gibbons also said that the board has decided to raise its annual dividend for the year 2009. While releasing its results, Stanley Gibbons also revealed its strategy for the potential acquisitions.

Stanley Gibbons released its annual results today. The company reported pretax profit of £4.1 million for FY 2009, increasing by 11% while it was reported of £3.7 million in the previous corresponding period. Total revenue for the period was reported of £23.4 million, increasing by 20% compared to the previous year total revenue of £19.4 million.

Stanley Gibbons also announced that it is raising its annual dividend for the year 2009. The company decided to pay 3 pence as dividend for the quarter. For full year 2009, the company decided to pay dividend of 5 pence per share, increasing by 5% comparing to previous year dividend.

Stanley Gibbons, a stamp-collecting and memorabilia group, also said that it is planning to launch a rare stamp investment fund in the second half of the year. The company said that it is also eyeing to enter the Chinese market through a possible strategic alliance. The company said that it believes that China has a huge market for stamp collecting and could be a profitable market for the company.