Brio posts loss - ToyNews

Brio posts loss

Brio issued its third quarter results yesterday, announcing an operating loss of SEK9.6m.
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The loss for the period was compared to a profit of SEK1.6m in the third quarter of 2007.The company said the decline was due mainly to increased sales costs.

The firm's turnover for Q3 was SEK218.5m, compared to SEK222.7m year-on-year. Shares fell by SEK0.95, down form a loss of SEK0.25 in the same period in 2007.

£1 is equivalent to approximately SEK12.39.

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