Games Workshop 'in great shape' as interim profits rise

(Sharecast News) - Warhammer maker Games Workshop posted a sharp jump in half-year profits driven by the launch of new products and said the company was "in great shape". Pre-tax profits for the six months to November 26 rose to £95.2m from £83.6m as revenue rose to £235.6m from £212.3m. Shareholders were rewarded with an increase in the dividend to 195 a share from 165p.

"These record results are driven by the launch of a significant number of new products across all of our IPs and the ongoing performance of products we launched in previous periods," said chief executive Kevin Rountree.

"Games Workshop and the Warhammer hobby are in great shape. We continue to perform well during challenging economic times, delivering record group revenue, profit and dividends in the period. Morale is good at Games Workshop and our hobbyists are having fun too."

Reporting by Frank Prenesti for Sharecast.com