14th Jan 2020 09:15
(Alliance News) - Games Workshop Group PLC on Tuesday said it was pleased with its interim performance as it recorded a rise in revenue and profits.
""Our business and the Warhammer Hobby continue to be in great shape. Sales for the month of December are in line with our expectations," said Chief Executive Kevin Rountree.
For the six months to December 1, the FTSE 250-listed wargames manufacturer and retailer posted revenue of GBP148.4 million, up 19% from GBP125.2 million the previous year. Pretax profit increased 44% year-on-year to GBP58.6 million from GBP40.8 million.
By division, the company's trade unit saw 24% year-on-year rise in first half sales to GBP76.1 million, retail posted 6.3% rise to GBP45.3 million and online sales rose 14% to GBP24.2 million.
The Nottingham-based company opened 19 stores, including relocations, and closed seven bringing its total number of stores to 529.
The company declared a dividend of 45 pence per share payable on March 2 to shareholders on the register at the close of business Friday next week. The ex-dividend date is Thursday next week.
Games Workshop shares were trading 6.4% higher at 6,780.00p each on Tuesday morning in London.
By Ife Taiwo; [email protected]
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