NEW! Investment Companies Centre
- Login to your account
- Free Membership to Digital Look
- Site Map
- Company A-Z
- Finance A-Z
- News Archive
- Events
- Give Us Feedback
Digital Look
- Company A-Z
- Company Search
- MarketStars Premium
- Portfolios & Watchlists
- Charting
- Screening Tools
- Visual Tools
- Mobile Tools / PDA
- Education Guides
- UK Shares
- Investment Companies
- Funds
- International Shares
- Bonds
- Currencies
- Commodities
- Covered Warrants
Virgin Credit Card:
Leisure Goods (3740)
Change Today
0.00 ()
Value
5,624.40
Games Workshop returns to FY profit
Date: Tuesday 29 Jul 2008
LONDON (ShareCast) - Gaming model specialist Games Workshop returned to the black for the full year as it continues its cost reduction programme.
Full-year pre-tax profit came in at £1.1m compared with a loss of £2.6m the year before. Revenue for the year ended 1 June rose to £110.3m from £109.5m.
Commenting on the results, chairman Tom Kirby said, "We have had a better year. Not as good as we would like, not as good as it will be, but better nevertheless."
The games retailer is not recommending a dividend payment in 2008/09, and said it will instead use the cash to continue its cost reduction programme, which has included the closure of 18 loss-making Hobby centres.
"This cost reduction programme has created a leaner and more responsive organisation, better equipped to face the growth opportunities which lie before it," the group said.