Mowbray Collectables reports loss

Listed stamp and collectable dealer Mowbray Collectables has reported a $152,000 loss for the year ended March 31.

That was 10.6 per cent lower than the $170,000 loss recorded for the same period a year earlier.

Mowbray Collectables declared a final dividend of 3c a share and a 1:10 bonus issue. Total operating revenue rose 16 per cent to $4 million.

Managing director John Mowbray said it was a positive year with turnover of about $70 million and busy trade.