Nordic Business Report-August 16, 2006-LEGO Group reports 1H pre-tax result of DKK238m
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The Danish toy manufacturer LEGO Group issued on Wednesday (16 August) its figures for the first half of the year, reporting a pre-tax result of DKK238m, as compared to a loss of DKK202m a year ago.
The improvement reflects higher sales, improved productivity and "continued tight rein on costs", LEGO Group said.
Sales amounted to DKK2,821m, up from DKK2,364m in the first half of last year.
LEGO Group also adjusted upward its expectations for the full year.
"Although it was expected at the beginning of the year that sales in 2006 would decline slightly, the LEGO Group now estimates -- in the light of its performance during the first six months -- that total sales for the full year will match those of 2005, i.e. approximately DKK7bn," LEGO Group said.
One Danish krone (DKK) is worth approximately 0.09 British pounds (GBP).
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