25th Jul 2023 08:46
(Alliance News) - Games Workshop Group PLC on Tuesday upped its full-year dividend, after reporting higher annual revenue and profit.
The Nottingham, England-based miniature wargames maker and retailer reported revenue of GBP470.8 million in the year to May 28, up 14% from GBP414.8 million a year earlier.
Trade revenue rose to GBP248.0 million from GBP214.3 million, retail revenue jumped to GBP106.4 million from GBP87.2 million, and online revenue rose to GBP91.0 million from GBP85.3 million. However, licensing revenue fell to GBP25.4 million from GBP28.0 million.
Pretax profit rose 9.0% to GBP170.6 million from GBP156.5 million.
The Warhammer seller also said it has increased profit-share cash payments to its staff to GBP11 million for the year, having paid out GBP9.9 million a year before.
Dividends declared and paid in the recent year were GBP136.5 million total, or 415p per share. This compares with GBP77.1 million declared, or 235p per share, and GBP93.5 million paid, or 285p per share, in financial 2022.
In line with the strong set of results and the company's policy of distributing surplus cash, Games Workshop said it has also declared a dividend of GBP1.45 per share in financial 2024 so far. This is 61% higher than financial 2023's dividend of 90p.
Chief Executive Officer Kevin Rountree said: "We finished the year having delivered eight consecutive years of group sales and profit growth - in the period we reported the highest level of sales and the most profit we have generated since flotation 29 years ago."
Shares in Games Workshop were down 1.6% to 11,134.78 pence each in London on Tuesday morning.
By Sophie Rose, Alliance News reporter
Comments and questions to [email protected]
Copyright 2023 Alliance News Ltd. All Rights Reserved.
Related Shares:
Games Workshop