Games Workshop sees profit, revenues ahead of expectations

(Sharecast News) - Games Workshop Group on Friday said trading for the quarter to August 27 was ahead of expectations driven by healthy growth across all channels. In a brief trading update ahead of its annual shareholders meeting next week, the maker of Warhammer said core revenue had risen to £121m for the quarter, ahead of the £106m posted last year with licensing revenue doubling to £6m. Pre-tax profit was estimated at around £57m, up from £39m.

"The board recognises that this performance is better than the prior year but is also aware that it is still early in the financial year. A further update will be given as appropriate," the company added.

It also declared a dividend of 50p per share taking dividends declared so far in 2023/24 to £1.95 per share, up from £1.20 per share a year earlier.

Reporting by Frank Prenesti for Sharecast.com