Games Workshop reports revenue rise in half yearly

Games Workshop on Friday posted improved sales and profits in the first half on the back of strong performance.

The international games retailer made £67.5m in revenues for the six months to December 2nd, up from £62.7m in 2011.

Operating expenses were reduced by £1.4m as the group kept a tight control on rents and employee numbers.

The group's core business operating profit increased to £10.6m, compared to £6.5m the previous year.

Earnings per share in the period climbed to 25.6p from 22.1p. The dividend per share in the period remained at 18p.

However, shares were down 0.38% to 657.50p at 10:30 Friday.

"Games Workshop's core business model remains strong," Chairman Tom Kirby said.

"The initiatives we have implemented are designed to lead to growth whilst maintaining the hard won efficiencies."

Kirby will step in as Acting Chief Executive while the company finds a replacement for Mark Wells who resigns as boss after five years.

"He leaves on good terms and with our very best wishes," the company said.

RD