Hasbro sees 12 per cent sales growth - Licensing.biz

Hasbro sees 12 per cent sales growth

Toy firm reports stronger-than-expected quarterly profit, due largely to sales of the Transformers range.
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Hasbro has reported its fourth quarter and full year 2009 results.

The firm's Q4 net profit rose to $165.6 million, from $93.6 million a year earlier.

Net sales rose 12 per cent to $1.38 billion, beating analysts' average forecast of $1.34 billion. Revenue from the boys' segment rose 16 per cent in the quarter.

To read the full story on ToyNews Online, click here.

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