Share price rises to record high at Games Workshop
Shares in Nottingham-based fantasy games manufacturer Games Workshop were changing hands for record prices on Tuesday (14 January) after the firm announced record sales and profits.
In the morning, the firm’s share price leapt by over 6 per cent to 6,970p each, which values the company at around £2.2 billion.
It later rose even further to 7,065p before settling back down to 6,960p at close of play.
In its half-yearly results announcement for the six months to 1 December 2019, the firm said it had notched up profits of £59.2 million during the period – an impressive increase on 2018’s figure of £40.8 million – and turned over £148.4 million as compared to £125.2 million this time last year.
CEO Kevin Rountree said: “Our business and the Warhammer Hobby continue to be in great shape.
“We are pleased to once again report record sales and profit levels in the period. The global team have worked their socks off to deliver these great results. My thanks go out to them all.
“Sales for the month of December are in line with our expectations.
“We are also announcing that the Board has today declared a dividend of 45 pence per share, in line with the Company’s policy of distributing truly surplus cash.”
