Games Workshop announced that its sales for the fiscal half-year ended November 30 were roughly in line with expectations and with the year-ago period.  But profits, affected negatively by the strength of the British pound, will be roughly £1 million less than those in the year ago period, the company said. 

The stabilization of sales is a welcome development after an 8.2% decline worldwide in the fiscal year that ended July 29th, but investors aren’t happy about a further decline in profits after a 50% decline last year (see "Games Workshop Sales, Profits Decline").  The stock price is down over 7% since the warning was issued. 

Kevin Rountree (formerly COO) will take over as CEO of the company on January 1st, following Tom Kirby’s resignation (see "“New CEO at Games Workshop").