Games Workshop up on solid half-year update

The share price of FTSE 250 miniature manufacturer Games Workshop (LON:GAW) rallied 4.86% to 6,685p (as of 12:30 GMT) after revenues for the six months ended 2 December came in 18.5% higher than during the comparative period of 2018. Pre-tax profits for the half year were up by 43.6% on both improved sales and royalty income.

CEO Kevin Roundtree commented: “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“.