(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
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Games Workshop (GAW)