Games Workshop has raised its dividend for shareholders as reported trading was on track with targets for the past three months. The Warhammer retailer and supplier saw shares jump on Thursday morning (March 24) as a result.
The Nottingham-based company told investors that trading over the quarter to the end of February “has been in line with expectations”. In its previous trading update, Games Workshop revealed total revenues increased by 2.5% to £191.5 million for the six-month period to November, following the easing of pandemic restrictions.
However, the business, headquartered in Lenton, reported that pre-tax profits fell by 3.7% to £88.2 million for the half-year as higher costs offset growth. In January, it also highlighted £2 million in extra shipping and freight costs during the period due to Brexit, as well as a £2.9 million increase in warehouse and logistics costs over the year.
