Mattel on the up

Healthy rise in international sales counters $42 million in recall-related costs.
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The firm's fourth quarter net income in 2007 increased to $328.5 million from $286.4 million a year earlier, while its full year net income rose to $600 million from the previous year's $592.9 million.

International sales surged ahead by 18 per cent, however, US sales dipped by three per cent.

A tax benefit of $47.3 million also helped overcome recall costs of some $42 million.Revenue increased by almost four per cent to $2.19 billion.

The firm said in a statement that profits this year maybe affected by higher commodity and testing costs.



Good start for Mattel

Mattel has reported 2007 its first quarter financial results with net income down to $12 million but sales up to $940.3m.


Mattel drops in Q3

Mattel has reported a one per cent drop in fiscal third-quarter profit, due to charges related to product recalls.


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Firm?s net revenue increases by $1.2 million to $43.3 million with further growth expected for the full fiscal year 2008.


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Jakks Pacific has reported a rise in quarterly profit, helped by its acquisition of dress-up and role play specialist Creative Designs International.

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