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Bullboard - Stock Discussion Forum Mega Brands Inc MBLKF

GREY:MBLKF - Post Discussion

Mega Brands Inc > lego results 2010
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Post by savinfamily on Mar 04, 2011 11:36am

lego results 2010

Denmark's privately-held toy maker Lego says its net profits in 2010rose more than 65 percent from a year earlier, boosted by a global toymarket recovery and vigorous sales growth in the United States, Russiaand eastern Europe.

Thursday's annual report showed a netprofit of 3.68 billion kroner ($1.24 million), a steep climb from 2009when it posted 2.22 billion kroner.

Sales, mainly of Lego'spopular plastic building blocks, rose 37.3 percent to 16 billionkroner, from 11.7 billion the year before.

Classicproduct lines like Lego City, Lego Star Wars and Lego Duplo generatedthe largest sales but the group says all product lines sold more thanexpected.

Comment by jameslast on Mar 04, 2011 1:27pm
Does this mean Mega Brands' earnings will much better than analysts expected?
Comment by nerzaa on Mar 04, 2011 1:34pm
3.68 billion dkk does not equal to $1.24 million; more like $670-690 million.
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