Games Workshop shares leap after record half-year sales
Games Workshop has hailed record sales and profits over the past half-year as the fantasy games specialist shrugged off recent malaise in the retail sector.
Shares in the retailer jumped after it said pre-tax profits increased by 44% to £58.6 million over the six months to December 1.
It added that sales in December were in line with the board’s expectations, adding that the business is “in great shape”.
The Warhammer maker reported a 19% jump in sales for the six-month period to £148.4 million, ahead of the company’s previous guidance.
Games Workshop was particularly boosted by strong growth in its trade division, which saw sales increase 23.9% to £76.1 million.
It said this was driven by the addition of 200 new trade accounts as it increased supply to independent retailers.
Games W ...