LONDON (ShareCast) - (Sharecast News) - Games Workshop Group reported a rise in revenue in its first-half on Tuesday, although its licensing revenue and profit fell.
The FTSE 250 maker of miniature wargames said revenue for the 26 weeks to 27 November totalled £226.6m, up from £211.6m year-on-year.

Of that, core revenue improved to £212.3m from £191.5m, although licensing revenue fell to £14.3m from £20.1m.

It recorded an operating profit of £83.6m, down from £88.5m, while its profit before tax slipped to £83.6m from £88.2m.

Its net increase in cash, before dividends paid, was £68.1m, rising from £41.4m in the year-before period.

Games Workshop said earnings per share fell to 202.4p from 217.2p, while it declared a dividend of 165p per share in the period, up from 100p.

"Games Workshop and the Warhammer hobby are in great shape," said chief executive officer Kevin Rountree.

"Another rewarding and successful period for the global team with core sales for the six months of over £200m for the first time.

"We will continue to focus on making the best miniatures in the world, sign new licensing contracts with partners to exploit our intellectual property outside of our core business and support our staff."

At 1017 GMT, shares in Games Workshop Group were down 5.26% at 8,670p.

Reporting by Josh White for Sharecast.com.

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