28th Jul 2020 10:19
(Alliance News) - Games Workshop Group PLC on Tuesday celebrated an "amazing set" of annual results, with revenue climbing despite being faced with weeks of lockdown measures in the UK.
Shares in the company were 9.1% higher at 9,221.001 pence each in London on Tuesday morning.
In the year ended May 31, revenue climbed 5.1% to GBP269.7 million from GBP256.6 million. The miniature wargames maker's pretax profit rose 10% to GBP89.4 million from GBP81.3 million.
Chief Executive Officer Kevin Rountree said: "An amazing set of results - the best year in Games Workshop's history, so far. You can once again see from these results that our business and the Warhammer hobby are in good shape."
Games Workshop's annual dividend was cut by 6.5% to 145p per share from 155p. On Tuesday, it declared a further 30p payout, "in line with the group's policy of distributing truly surplus cash".
The company said it lost six weeks of sales and profit due to the lockdown, with its retail channel the hardest hit. It was forced to turn to the UK government's furlough scheme but added it will repay the cash drawn down under the programme.
By Eric Cunha; [email protected]
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