Shares of Warhammer maker Games Workshop surge on preliminary profit figures

Shares of Warhammer maker Games Workshop surge on preliminary profit figures

Games Workshop, one of the most lucrative stocks in U.K. history, on Wednesday said its profit rose at least 17% in the just-completed financial year, topping analyst expectations.

The maker of the Warhammer tabletop games GAW, 10.02% in a brief statement said that in the year ending June 2, its pretax profit rose to at least £200 million ($255 million) from £171 million, on core revenue of at least £490 million — up from £445 million, and licensing income of £30 million, up from £25 million.

Analysts polled by FactSet expected pretax earnings of £190 million on sales of £492 million.

Shares surged 8% in London, making it the best-performing Stoxx Europe 600 XX:SXXP stock.

Since its 1994 initial public offering, the company’s returns have been eye-popping — total returns have grown at a compound annual growth rate of 21%, trouncing the 9% return for the FTSE All-Share over the same time period, according to FactSet data.

The company has been lucrative for its employees as well. It said it’s paying £18 million in cash bonuses equally to all its staff, which totaled 2,700 last year.

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