17th Sep 2014 09:46
LONDON (Alliance News) - Maker of miniature figures and gaming sets Games Workshop Group PLC issued a short statement Wednesday saying that trading in its most recent quarter was "broadly in line" with its own expectations.
In a statement following its annual general meeting Wednesday morning, Games Workshop said "In the three months to 31 August 2014, trading has been broadly in line with the board's expectations."
In July the games retailer posted a pretax profit of GBP12.4 million for the financial year to June 1, compared with GBP21.4 million a year earlier, on the back of lower volumes and sales. During the year, the group also booked GBP4.5 million in exceptional costs associated with its restructuring. Revenue for the year fell by 8.2% on a reported basis to GBP123.5 million hit by declining sales in most of its markets.
Games Workshop shares were trading 1.4% lower Wednesday morning at 572.00 pence.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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