News Formal

Lego earnings plunge 19 in tougher toy market

  • 📰 Observer_Owl
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The Danish group reported operating profits of 6.4 billion Danish krona (£738 million) in the six months to June 30.

By PA News AgencyToy giant Lego has seen half-year earnings tumble by nearly a fifth as the boom in demand seen during the pandemic faded

The Danish group reported a 19% fall in operating profits to 6.4 billion Danish krona in the six months to June 30. But Lego said it outperformed a declining toy market, with “significant” growth in market share and consumer sales up 3%. “Overall, our performance is in line with expectations, after three consecutive years of extraordinary growth.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 18. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lego earnings plunge 19 in tougher toy marketThe Danish group reported operating profits of 6.4 billion Danish krona (£738 million) in the six months to June 30.
Source: Glasgow_Times - 🏆 76. / 59 Read more »