Shares in Games Workshop (GAW) jumped again after the group confirmed that strong sales momentum in the current financial year has been directly reflected at the bottom line thanks to a high level of operational gearing in the business.
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In July, the group reported constant-currency sales growth of 21 per cent for the year ended 28 May 2017, with profits more than doubling to £38.4m. Around three-quarters of the group’s sales were generated overseas, while return on capital employed moved from 27 per cent to 72 per cent.
