Games Workshop books healthy rise in sales & profit

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Games Workshop update

Games Workshop has said it was trading in line with expectations for the year so far after it booked a healthy rise in first-half sales and profit.

The Nottingham-based fantasy games retailer said that for the six month period to December 2, sales came in at £124 million and operating profit was £41 million.

This represented a growth of 14 per cent and six per cent respectively.

The results were boosted the continued popularity of tabletop game Warhammer, which Games Workshop said was in “great shape”.

“We have built on the progress we made last year and the results are considerable given the backdrop of major projects, increasing factory capacity and enterprise resource planning system implementation,” the FTSE 250-listed retailer said.

Games Workshop makes 75 per cent of its revenues overseas, so has benefited from the Brexit-induced collapse in the pound.

The trading update comes after shares in Games Workshop faced pressure in October when it warned over uncertain trading.

At the time, the chain said there were “some uncertainties in the trading periods ahead for the rest of the 2018/19 financial year”.

Early this morning, shares rose five per cent to 3,155p.

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