Games workshop, the maker of dream war game miniatures, said full-year earnings jumped 10 per cent inspite of the shutdown of entire business for six-weeks as a result of pandemic.
Product sales around to the end of might had been up 5 per cent to 270m, while pre-tax profit ended up being 89.4m, over the companys past forecast of approximately 85m.
The companys shares rose 7 per cent on tuesday and have increased 80 per cent within the last year.
At practically 3bn, its market value happens to be very nearly two times that of frasers, the business that has sports direct, home of fraser and flannels.
Andrew wade, analyst at jefferies, said without hit from covid-19 earnings might have surpassed 100m the very first time.
The nottingham based group, which derives three-quarters of its income from outside the uk, stated it was in the process of repaying government help entirely.
It added it hadn't needed seriously to draw on additional financial facilities organized in the beginning of the crisis.
We had an excellent stability sheet at the end of february and now we have actually a healthy balance sheet after may, stated leader kevin rountree.
The organization is a rarity among stores because it's still spending dividends despite becoming classified as non-essential and was obliged to shut its shops during uks lockdown.
Just about all the other stores having to pay dividends, including the supermarkets, discounters b&m and category professionals pets yourself, were not forced to close.
Dividends declared and paid during the 12 months into the end of may totalled 47m, down from 50m the prior 12 months.
The company makes periodic distributions of surplus money a 30p-a-share commission ended up being declared alongside the results in the place of interim and final payouts.
It said, in the future, a money buffer of 90 days well worth of working-capital requirement would-be set-aside before deciding how much cash could surplus for the intended purpose of declaring dividends.
United states and asia will still be the focus of expansion attempts, although it features paused its store opening programme while it recovers through the shutdown.
About a 3rd of retail product sales are produced through a unique stores, with one half originating from independent stockists and merely under a fifth online.
Royalty earnings, mainly from licensing warhammer intellectual home to gaming developers, increased by virtually half to 16.8m.
The business is also in discusses television tasks according to fantasy tales but mr rountree said development have been only a little slowly than id like.
Its long-lasting focus remained unchanged, mr rountree exhausted.
We believe shareholder price is established mostly by not destroying it, he stated. we've no objective to acquire other companies, nor to dump any one of those we own.