Games Workshop Group Trading Broadly In Line

LONDON (Alliance News) - Games Workshop Group PLC said Friday that trading for the period December 2, 2013 to April 6, 2014 has been "broadly in line" with the board's expectations.

In January the games retailer reported a huge drop in profits and revenues for the first half of its financial year, reporting pretax profit of GBP7.7 million for the six months to December 1, 2013, down significantly from GBP11.1 million a year earlier, due to falling sales across the business. Net profit was also lower at GBP5.6 million, compared with GBP8.1 million the prior year.

The firm said its bottom line had been hit by its transition from multi-man stores to one-man stores and the reduction of trading hours across the group which caused disruption in its retail chain in the first half.

Shares in Games Workshop Group were trading 0.48% lower at 520 pence per share Friday morning.

By Alice Attwood; aliceattwood@alliancenews.com; @AliceAtAlliance

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