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Article: Czech Republic : Lego 6-month profit surges to $177 million.
- Article from:
- TendersInfo
- Article date:
- August 18, 2009
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Byline: shiv03
Danish toy maker Lego said Monday that six-month net profit nearly doubled to 927 million kroner ($177 million) on strong sales of its best-selling products.
Last year, Lego Group's profit for the period was 564 million kroner. Revenue from January through June surged 23 percent, to 4.4 billion kroner ($839 million) from 3.6 billion kroner in 2008. The family-owned company does not release quarterly figures.
Lego CEO Joergen Vid Knudstorp said the "very satisfactory" figures gave reason to be "optimistic with regard to prospects for the remainder of 2009."
Lego, whose colored plastic building blocks have been a favorite ...