Business
Interim Results
Interim Results.
About this update from Games Workshop Group Plc
[{"type":"text","content":"\n Games Workshop Group PLC\n22 January 2008\n\n\n GAMES WORKSHOP GROUP PLC\n\n HALF-YEARLY REPORT\n\n\nGames Workshop Group PLC ('Games Workshop' or the 'Group') announces its\nhalf-yearly results for the six months to 2 December 2007.\n\nHighlights:\n\n* Revenue at £54.6m (2006: £54.6m)\n\n* Pre-exceptional gross margin at 69.9% (2006: 70.9%)\n\n* Exceptional items - cost reduction programme £(0.6)m (2006: £nil)\n\n* Pre-exceptional operating profit up £0.6m to £1.1m (2006: £0.5m)\n\n* Operating profit at £0.5m (2006: £0.5m)\n\n* (Loss)/earnings per share of (0.4)p (2006: 0.2p)\n\nTom Kirby, Chairman, and Mark Wells, Chief Executive of Games Workshop, said:\n\n'These half-year results are encouraging; we have re-established constant\ncurrency sales growth in the UK, the Americas and Asia Pacific, our gross\nmargins remain strong, and our cost reduction programme is delivering the\noverhead reductions we expected.\n\nWe remain a growth business and are now getting benefits from the efforts our\nstaff have been making. There is still much to do, and we are united in our\ndetermination to do it.'\n\nFor further information, please contact:\n\nGames Workshop Group PLC Today only: 01756 770 376\nTom Kirby, Chairman Thereafter: 0115 900 4001\nMark Wells, Chief Executive 0115 900 4001\nMichael Sherwin, Finance Director 0115 900 4001\n\nInvestor relations website investor.games-workshop.com \nGeneral website www.games-workshop.com\n\nRawlings Financial PR Limited Tel: 01756 770 376\nCatriona Valentine\n\n\n\nFIRST HALF HIGHLIGHTS\n\n Six months to Six months to\n 2 December 26 November\n 2007 2006\n\nRevenue £54.6m £54.6m\nPre-exceptional operating profit £1.1m £0.5m\nExceptional items - cost reduction programme £(0.6)m -\nOperating profit £0.5m £0.5m\n(Loss)/profit before tax £(0.2)m £0.1m\nBasic (loss)/earnings per share (0.4)p 0.2p\n\n\n\nINTERIM MANAGEMENT REPORT\n\nPreamble\n\nOur half-yearly report does not usually have a Chairman's preamble. The reason\nit does this time is because for the first time this is the Chairman's preamble\nalone and not that of the Chairman and Chief Executive. In late November 2007\nthe board invited long-time Head of Sales, Mark Wells, to take on the role of\nCEO. This move recognises Mark's increasing influence and allows him to take\ncontrol of the day to day affairs of the busin...