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Pin to quick picksGames Workshop Share News (GAW)

Share Price Information for Games Workshop (GAW)

London Stock Exchange
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Share Price: 9,805.00
Bid: 9,705.00
Ask: 9,720.00
Change: 325.00 (3.43%)
Spread: 15.00 (0.155%)
Open: 9,650.00
High: 9,805.00
Low: 9,595.00
Prev. Close: 9,480.00
GAW Live PriceLast checked at -

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Games Workshop Shares Rise On Strong First Quarter Sales

Thu, 10th Sep 2020 09:46

(Alliance News) - Games Workshop Group PLC said Thursday that trading for the first quarter of financial 2021 remained strong due to a healthy growth in online and trade channels.

Shares in the miniature wargames manufacturer were 12% higher at 9,740.94 pence in London.

For the three months to the end of August, the Nottingham-based firm said it expects sales to reach GBP90 million, up 15% from GBP78 million the same period the year before. Operating profit for the period before royalty income is set to be GBP45 million, a 61% rise from GBP28 million the prior year.

Although Games Workshop said growth has been solid in its online and trade channels, its retail channel is still in a state of recovery from the Covid-19 closures earlier in 2020.

Looking ahead, the group said the longer term impact as a result of the pandemic is still unknown.

Games Workshop declared a dividend of 50 pence per share, in line with the group's policy to distribute truly surplus cash.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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