Games Workshop sees profit increase of £32m
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Games Workshop has announced a pre-tax profit rise from £38.4m in the previous financial year to £74.5m in 2018.
The hobby retailer also saw a £42m rise in revenue from £158m to £220m over the same period. Operating profit before receivable royalties also saw a large rise from £38.3m up to £74.6.
Kevin Rountree, CEO of Games Workshop, said:“You can see from these results that our business and our Warhammer Hobby are in good shape. The response from our customers to our models and games and how we support them has again been fantastic, thank you. The board continues to believe that the prospects for the business are good.”
Stocks in the company dropped by 6.5% when trading began this morning due to the high bar set by analysts.
Games Workshop’s results come as hobby shops continue to defy high street woes, just over a month ago Hornby’s CEO said hobby shops had kept the company in business.
Last year Games Workshop was the best performing company on the FTSE 250.
