|
| Hasbro and Mattel Reports Increase in Profit |
| Author: Post Date: 2008-05-12 |
Hasbro Inc. reported on February 11th a hefty 24 percent rise in its fourth-quarter profit today and named a successor to its chief executive officer who is becoming chairman of the world’s second biggest toy maker.
Hasbro said its profit rose to $133.7 million, or 84 cents per share, in the three months ended Dec. 30 from $108.3 million, or 62 cents a share, a year earlier.
At earlier time, Mattel Inc. reported 2007 fourth quarter and full-year financial results. For the quarter, the company reported net income of $328.5 million, or $0.89 per share, compared to last year’’s fourth quarter net income of $286.4 million, or $0.75 per share. For the year, the company reported net income of $600.0 million, or $1.54 per share, compared to last year’’s net income of $592.9 million, or $1.53 per share.
For the quarter, net sales were $2.19 billion, a 4 percent increase from $2.11 billion last year, and included a favorable impact from changes in currency exchange rates of 4 percentage points. Worldwide gross sales for the Barbie brand were up 4 percent and worldwide gross sales for other Girls Brands were up 19 percent.
By this means, Mattel’s global sale offsets the 3 percent slide in United Sates. █
|
| |
TOY INDUSTRY sees 12 issues for each year.
Annual subscription for Online Monthly(with most of the articles in TOY INDUSTRY) is RMB100.
To get more latest information,please contact us:
TEL: 86-020-83496287
E-mail: sales@ctoy.cn