GAMES Workshop shares hit a record high yesterday after it enjoyed rising profits over the first six months of the financial year.

In a continuation of the success which has driven its share price up more than 1,000 per cent over the last five years, the Nottingham-based company behind the Warhammer game series said yesterday that earnings rose by nearly a half over the period up to 1 December.

Games Workshop's stock was valued at 6,960p yesterday, marking a 9.2 per cent rise.

Pre-tax profit rose to £58.6m for the period, a 43 per cent gain versus the same period in 2018. Revenue grew 18 per cent to £148.4m, while cash generated from its operations was £60.4m, a huge rise on the 2018 figure of £36m.

Games Workshop achieved the second highest growth in value of any FTSE 250 company during the 2010s, recording a 2,630 per cent return on shareholder value.

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