Aussie sales lift Cassidy Brothers - ToyNews

Aussie sales lift Cassidy Brothers

A rise in Australian sales helped Cassidy Brothers offset a tough year of UK trading.
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Pre-tax profits for the full year to April 30th, rose to £324,000 from £241,000 over the same period the previous year. Revenues rose to £3.9m from £3.3m.

UK sales were down by eight per cent to nine per cent in the last quarter of 2008, hit by the demise of Woolworths. It did not give UK figures for the following months.

Sales were lifted by licenses from Kenwood and vacuum cleaner firm Dyson. The firm is now promoting its new George Foreman Grill (pictured) and a Postman Pat steering wheel.

The firm pointed to its prudent planning, saying it bought US dollars in September 2008 when they were still low against sterling and used them to buy stock before Far Eastern price rises came in later that year.


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