SHARES in Hornby raced to a record high yesterday after the model train company doubled its interim profits and trebled the dividend.
The company, also known for its Scalextric model racing car sets, reported an increase in pre-tax profits to £1.7 million from £794,000 for the six months to September 30, as turnover rose by 32 per cent to £14 million. Hornby also announced an interim dividend of 6p, compared with 2p for the same period last year.
Shares in the company rose 16p, or 3 per cent, to a record 482½p, after hitting an intra-day high of 489p. At the close, Hornby was valued at £35 million. In the past 12 months Hornby’s shares have surged by 104 per cent.
Robert Baird, the house