Jun 10, 2021
Lockdown hobbies help Hornby return to profit
Model railway maker Hornby thinks it is on the right track to cash in on the revival of hobbies during lockdown after returning to profit. Hornby made a net profit of £300,000 for the year to 31 March, an improvement on the £3.4m loss for the previous 12 months. Shares in the hobby retailer rose more than 4% in early trading. Hornby, which imports many of its products from East Asia, was affected by closures at Chinese ports due to coronavirus. "In recent weeks, shipments have resumed, but there are still delays in certain countries whose procedures are unnecessarily rigid," Hornby said in its update to the London Stock Exchange.
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