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Games Workshop H1 Profit Rises; Sales Up 19% - Quick Facts

Games Workshop Group plc (GAW.L) reported profit before tax of 58.6 million pounds for the six months to 1 December 2019 after recognising the impact of adopting IFRS 16 compared to 40.8 million pounds, previous year. Earnings per share was 144.6 pence compared to 100.7 pence. Operating profit before royalty income increased to 48.5 million pounds from 35.3 million pounds. On a constant currency basis, operating profit before royalty income increased by 11.6 million pounds to 46.9 million pounds.

For the first-half period, reported sales grew by 19% to 148.4 million pounds. On a constant currency basis, sales were up by 16% to 145.6 million pounds.

Kevin Rountree, CEO of Games Workshop, said: "Our business and the Warhammer Hobby continue to be in great shape. Sales for the month of December are in line with our expectations."

The Board has declared a dividend of 45 pence per share, in line with the company's policy of distributing surplus cash. This will be paid on 2 March 2020 for shareholders on the register at 24 January 2020.

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