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Games Workshop jumps on profit upgrade

Shares in the model maker have jumped following a profit upgrade ahead of results in July
June 2, 2017

Shares in Games Workshop (GAW) initially rocketed more than 10 per cent following news the company expects full-year profits to exceed current market forecasts. Trading has continued to be strong since the last update in March, with full-year sales expected to report around £158m. This will translate into pre-tax profits of "no less than" £38m. That figure alone would give a bottom-line growth rate of 125 per cent year on year. Company bosses admit numbers have been helped by the prolonged weakness in sterling, although a full set of numbers aren't due for release until the end of July.

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