Channel NewsAsia
AsiaPac · 1 hrs ago
UK's Games Workshop falls as tariff, cost concerns overshadow record profit
July 28 : Shares in Games Workshop fell as much as 6.5 per cent on Tuesday after the British miniature wargames maker flagged tariff headwinds and higher plastic prices stemming from the Iran war, overshadowing record annual profit.Here are some details:• Games Workshop said new U.S. tariffs are expected to create an annualised cost of around £13 million ($17.29 million), although the company expects mitigation measures, including price increases and operational changes, to offset part of the impact.• The Warhammer maker also flagged higher plastic input costs, estimating a roughly £2 million hit from supply-chain disruption and inflationary pressures linked to volatility in global energy markets. • The company, known for its premium, in-house produced fantasy miniatures, has built a cult-
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