Mowbray widens 1H loss, considers future as listed company

Fri, 28 Nov 2014

By Suze Metherell Nov. 28 (BusinessDesk) - Mowbray Collectables, the listed stamp and collectables dealer and auction house, widened its first-half loss as it records "the worst six months in the company's history" and weighs its future as a listed company. The shares dropped. The Wellington-based company widened its loss to $1.99 million in the six months ended Sept. 30, from a loss of $70,000 a year earlier, it said in a statement. Sales rose 125 percent to $2.56 million. Before tax it booked an operating loss of $671,000 from a previou...

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