GAMES Workshop shares skyrocketed after the Warhammer maker said its most recent trading was "in line with expectations".

The war games manufacturer said trading in the three months to the end of February was as expected. The news sent shares up more than six per cent yesterday afternoon.

As a result, the firm announced a dividend of 70p per share, reflective of its policy of returning "truly surplus cash".

Total dividends declared this year now add up to £2.35 a share, up on £1.85 the previous year.

The plastic and metal modelmaking specialist revealed a dip in profits for the past six months as higher costs offset sales growth in results published in January this year.

Pre-tax profits fell by 3.7 per cent to £88.2m for the six months to 28 November, the retailer reported.

The business pointed to £2m in extra shipping and freight costs due to Brexit, as well as hiked warehouse costs.

Games Workshop saw game sales increase over lockdown.

(c) 2022 City A.M., source Newspaper